Burney Co. Sells 472 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Burney Co. reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 18,547 shares of the technology company’s stock after selling 472 shares during the period. Burney Co.’s holdings in CyberArk Software were worth $6,179,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CYBR. International Assets Investment Management LLC purchased a new position in shares of CyberArk Software during the third quarter valued at approximately $82,485,000. Anomaly Capital Management LP purchased a new position in CyberArk Software during the 2nd quarter worth $49,145,000. Clearbridge Investments LLC grew its stake in shares of CyberArk Software by 250.0% in the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after acquiring an additional 160,269 shares in the last quarter. Hood River Capital Management LLC raised its holdings in shares of CyberArk Software by 59.2% in the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock valued at $61,132,000 after purchasing an additional 83,172 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in shares of CyberArk Software by 89.2% during the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 1.2 %

CYBR stock opened at $345.75 on Wednesday. The stock has a 50-day simple moving average of $320.70 and a two-hundred day simple moving average of $291.34. CyberArk Software Ltd. has a twelve month low of $221.12 and a twelve month high of $349.28. The firm has a market capitalization of $15.06 billion, a PE ratio of 1,280.60 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the firm posted ($0.31) EPS. CyberArk Software’s revenue was up 25.6% on a year-over-year basis. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CYBR. BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Scotiabank assumed coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Oppenheimer upped their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Susquehanna increased their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $350.22.

CyberArk Software 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.