Amundi Sells 220,623 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Amundi decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 50.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 215,968 shares of the technology company’s stock after selling 220,623 shares during the period. Amundi’s holdings in CyberArk Software were worth $74,412,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of CyberArk Software during the fourth quarter valued at approximately $18,106,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 112.6% during the fourth quarter. Assetmark Inc. now owns 287 shares of the technology company’s stock valued at $96,000 after buying an additional 152 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of CyberArk Software by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,738 shares of the technology company’s stock valued at $10,240,000 after buying an additional 1,138 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of CyberArk Software by 54.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company’s stock valued at $66,000 after buying an additional 70 shares during the last quarter. Finally, NBW Capital LLC grew its holdings in shares of CyberArk Software by 66.9% during the fourth quarter. NBW Capital LLC now owns 14,920 shares of the technology company’s stock valued at $4,971,000 after buying an additional 5,980 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR stock opened at $330.95 on Wednesday. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of -169.72 and a beta of 1.06. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The company’s fifty day moving average price is $364.01 and its 200-day moving average price is $320.38.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. KeyCorp raised their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Barclays raised their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Piper Sandler raised their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $418.15.

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.