CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 410,960 shares of the technology company’s stock after selling 62,300 shares during the period. Franklin Resources Inc.’s holdings in CyberArk Software were worth $136,911,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CYBR. Jennison Associates LLC increased its position in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after acquiring an additional 391,900 shares during the period. Groupama Asset Managment grew its stake in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock worth $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank acquired a new stake in CyberArk Software in the 4th quarter valued at about $203,375,000. Finally, Nepsis Inc. boosted its stake in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after buying an additional 505,088 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

CyberArk Software stock opened at $345.69 on Thursday. The business has a 50 day simple moving average of $363.47 and a 200-day simple moving average of $327.79. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market capitalization of $17.09 billion, a PE ratio of -177.28 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

CYBR has been the topic of several analyst reports. Stifel Nicolaus raised their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a report on Friday, February 14th. KeyCorp lifted their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JMP Securities increased their target price on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Morgan Stanley assumed coverage on CyberArk Software in a report on Tuesday, March 18th. They set an “equal weight” rating for the company. Finally, Wells Fargo & Company upped their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.04.

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.