Groupama Asset Managment Sells 909,871 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Groupama Asset Managment lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 87.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 132,896 shares of the technology company’s stock after selling 909,871 shares during the period. Groupama Asset Managment’s holdings in CyberArk Software were worth $42,474,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CYBR. HighTower Advisors LLC raised its holdings in shares of CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software in the third quarter worth approximately $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new stake in CyberArk Software in the fourth quarter valued at approximately $764,000. China Universal Asset Management Co. Ltd. bought a new stake in CyberArk Software during the fourth quarter valued at approximately $1,166,000. Finally, Spire Wealth Management grew its stake in CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after buying an additional 3,344 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR opened at $338.00 on Tuesday. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The business has a 50 day simple moving average of $363.88 and a two-hundred day simple moving average of $327.12. The firm has a market capitalization of $16.71 billion, a price-to-earnings ratio of -173.33 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%. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on CYBR shares. Needham & Company LLC restated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. JMP Securities raised their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Stifel Nicolaus upped their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Citigroup raised their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $417.22.

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.