Artisan Partners Limited Partnership Has $97.90 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Artisan Partners Limited Partnership decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 21.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 293,857 shares of the technology company’s stock after selling 81,022 shares during the quarter. Artisan Partners Limited Partnership’s holdings in CyberArk Software were worth $97,898,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CYBR. HighTower Advisors LLC grew its stake in CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after buying an additional 2,062 shares in the last quarter. Groupama Asset Managment raised its stake 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 valued at $304,000 after acquiring an additional 5,402 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in CyberArk Software during the 3rd quarter worth about $8,612,000. CHURCHILL MANAGEMENT Corp bought a new stake in CyberArk Software in the fourth quarter valued at approximately $764,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in CyberArk Software during the fourth quarter worth $1,166,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR stock opened at $341.21 on Friday. The firm has a market cap of $16.86 billion, a P/E ratio of -174.98 and a beta of 1.06. The firm’s fifty day moving average is $364.49 and its 200 day moving average is $325.26. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CYBR shares. DA Davidson reaffirmed a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. Truist Financial boosted their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Mizuho increased their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.