1620 Investment Advisors Inc. Trims Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

1620 Investment Advisors Inc. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106 shares of the technology company’s stock after selling 36 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in CyberArk Software were worth $35,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Jennison Associates LLC increased its position in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after acquiring an additional 391,900 shares during the period. Groupama Asset Managment increased its position in shares of CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares during the period. Nepsis Inc. increased its position in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after acquiring an additional 505,088 shares during the period. TimesSquare Capital Management LLC increased its position in shares of CyberArk Software by 4.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock worth $186,682,000 after acquiring an additional 24,805 shares during the period. Finally, Swedbank AB increased its position in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after acquiring an additional 87,201 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.4 %

NASDAQ CYBR opened at $351.76 on Friday. The company has a fifty day simple moving average of $364.16 and a two-hundred day simple moving average of $323.12. The stock has a market cap of $17.39 billion, a P/E ratio of -180.39 and a beta of 1.06. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

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

Wall Street Analyst Weigh In

CYBR has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird increased their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Oppenheimer increased their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, JMP Securities increased their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

About CyberArk Software

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.