Alerus Financial NA Reduces Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Alerus Financial NA lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.4% in the 4th quarter, HoldingsChannel reports. The firm owned 7,955 shares of the technology company’s stock after selling 453 shares during the quarter. Alerus Financial NA’s holdings in CyberArk Software were worth $2,650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC raised its position in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the 4th quarter worth approximately $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. increased its holdings in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 2.1 %

NASDAQ:CYBR opened at $341.21 on Friday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The stock’s fifty day moving average is $364.49 and its two-hundred day moving average is $325.26. The stock has a market capitalization of $16.86 billion, a price-to-earnings ratio of -174.98 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research report on Tuesday, February 11th. Rosenblatt Securities reiterated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. Scotiabank boosted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Mizuho upped their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two investment 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.com, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus 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.