Praesidium Investment Management Company LLC Sells 65,199 Shares of CyberArk Software Ltd. $CYBR

Praesidium Investment Management Company LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 35.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 119,937 shares of the technology company’s stock after selling 65,199 shares during the period. CyberArk Software makes up about 7.6% of Praesidium Investment Management Company LLC’s holdings, making the stock its 7th biggest position. Praesidium Investment Management Company LLC’s holdings in CyberArk Software were worth $40,539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of CyberArk Software by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,684 shares of the technology company’s stock worth $2,227,000 after acquiring an additional 53 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of CyberArk Software in the 4th quarter worth approximately $152,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of CyberArk Software in the 4th quarter worth approximately $554,000. Northern Trust Corp grew its holdings in shares of CyberArk Software by 63.1% in the 4th quarter. Northern Trust Corp now owns 219,964 shares of the technology company’s stock worth $73,281,000 after acquiring an additional 85,062 shares during the period. Finally, Lido Advisors LLC acquired a new stake in shares of CyberArk Software in the 4th quarter worth approximately $740,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the topic of a number of research reports. Rosenblatt Securities cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target on the stock. in a report on Friday, August 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Wedbush restated a “neutral” rating and issued a $450.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. Guggenheim cut CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price target on the stock. in a report on Thursday, July 31st. Finally, Needham & Company LLC upped their target price on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $435.11.

CyberArk Software Price Performance

CYBR stock opened at $453.26 on Monday. CyberArk Software Ltd. has a 1 year low of $254.43 and a 1 year high of $457.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock’s 50 day moving average price is $406.31 and its 200 day moving average price is $375.67. The firm has a market cap of $22.40 billion, a P/E ratio of -134.50 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the company earned $0.54 EPS. CyberArk Software’s revenue was up 46.0% on a year-over-year basis. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.