Anomaly Capital Management LP Sells 29,902 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Anomaly Capital Management LP decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 271,453 shares of the technology company’s stock after selling 29,902 shares during the quarter. CyberArk Software accounts for approximately 2.7% of Anomaly Capital Management LP’s investment portfolio, making the stock its 15th biggest holding. Anomaly Capital Management LP owned 0.62% of CyberArk Software worth $90,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in CyberArk Software by 15.3% in the fourth quarter. Hsbc Holdings PLC now owns 13,252 shares of the technology company’s stock worth $4,412,000 after acquiring an additional 1,761 shares during the period. Stifel Financial Corp grew its stake in shares of CyberArk Software by 18.5% during the 4th quarter. Stifel Financial Corp now owns 65,769 shares of the technology company’s stock worth $21,911,000 after acquiring an additional 10,262 shares during the period. Tower Research Capital LLC TRC purchased a new stake in CyberArk Software during the fourth quarter valued at about $152,000. Mirova increased its stake in shares of CyberArk Software by 3.3% in the fourth quarter. Mirova now owns 8,739 shares of the technology company’s stock worth $2,911,000 after purchasing an additional 279 shares in the last quarter. Finally, MML Investors Services LLC lifted its stake in shares of CyberArk Software by 16.2% during the 4th quarter. MML Investors Services LLC now owns 9,688 shares of the technology company’s stock valued at $3,228,000 after buying an additional 1,349 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. JMP Securities increased their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Robert W. Baird boosted their target price on CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Oppenheimer increased their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Morgan Stanley lowered their price objective on CyberArk Software from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays reduced their price objective on CyberArk Software from $450.00 to $405.00 and set an “overweight” rating for the company in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $412.14.

CyberArk Software Stock Performance

CYBR opened at $312.90 on Tuesday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of -160.46 and a beta of 1.00. The company has a fifty day moving average of $349.95 and a two-hundred day moving average of $332.98.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.