Arrowstreet Capital Limited Partnership Sells 96,215 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Arrowstreet Capital Limited Partnership lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 15.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 527,069 shares of the technology company’s stock after selling 96,215 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in CyberArk Software were worth $175,593,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its stake in shares of CyberArk Software by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock valued at $8,632,000 after acquiring an additional 1,557 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of CyberArk Software in the third quarter worth approximately $2,245,000. MetLife Investment Management LLC increased its stake in shares of CyberArk Software by 5.4% in the third quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CyberArk Software by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,725 shares of the technology company’s stock valued at $9,543,000 after purchasing an additional 1,232 shares during the period. Finally, Public Sector Pension Investment Board lifted its stake in shares of CyberArk Software by 25.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 22,294 shares of the technology company’s stock valued at $6,501,000 after buying an additional 4,500 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com lowered CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Barclays increased their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Citigroup boosted their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Down 1.6 %

Shares of CyberArk Software stock opened at $335.74 on Monday. The company has a market capitalization of $16.59 billion, a PE ratio of -172.17 and a beta of 1.06. The stock’s fifty day moving average is $364.16 and its two-hundred day moving average is $326.66. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, research analysts anticipate 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.