Bfsg LLC Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Bfsg LLC reduced its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 5.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 7,904 shares of the technology company’s stock after selling 445 shares during the period. Bfsg LLC’s holdings in CyberArk Software were worth $2,633,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Atria Wealth Solutions Inc. raised its stake in CyberArk Software by 34.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,481 shares of the technology company’s stock worth $827,000 after purchasing an additional 641 shares during the period. Kornitzer Capital Management Inc. KS raised its stake in CyberArk Software by 10.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 50,190 shares of the technology company’s stock worth $16,721,000 after purchasing an additional 4,890 shares during the period. Venturi Wealth Management LLC raised its stake in CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock worth $268,000 after purchasing an additional 52 shares during the period. Pinnbrook Capital Management LP raised its stake in CyberArk Software by 21.5% during the fourth quarter. Pinnbrook Capital Management LP now owns 11,864 shares of the technology company’s stock worth $3,952,000 after purchasing an additional 2,097 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in CyberArk Software during the fourth quarter worth about $225,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Rosenblatt Securities lifted their price objective on shares of CyberArk Software from $415.00 to $445.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler increased their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Citigroup increased their target price on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Finally, Robert W. Baird increased their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $401.67.

CyberArk Software Price Performance

NASDAQ CYBR opened at $413.31 on Tuesday. The firm’s fifty day moving average price is $349.78 and its 200 day moving average price is $309.64. The company has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15. CyberArk Software Ltd. has a 12 month low of $223.09 and a 12 month high of $419.49.

CyberArk Software (NASDAQ:CYBR) last posted 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 net margin of 1.38% and a return on equity of 2.29%. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

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.