MassMutual Private Wealth & Trust FSB Decreases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

MassMutual Private Wealth & Trust FSB lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 42.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 855 shares of the technology company’s stock after selling 623 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CyberArk Software were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Diversify Wealth Management LLC raised its holdings in shares of CyberArk Software by 44.3% during the fourth quarter. Diversify Wealth Management LLC now owns 3,218 shares of the technology company’s stock valued at $1,106,000 after acquiring an additional 988 shares during the last quarter. Oak Ridge Investments LLC purchased a new stake in shares of CyberArk Software during the fourth quarter worth approximately $5,249,000. Hennion & Walsh Asset Management Inc. raised its stake in CyberArk Software by 17.5% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 7,209 shares of the technology company’s stock valued at $2,402,000 after purchasing an additional 1,075 shares during the last quarter. CHURCHILL MANAGEMENT Corp purchased a new position in CyberArk Software in the 4th quarter valued at $764,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the 4th quarter worth $25,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $358.63 on Thursday. The stock has a market capitalization of $15.63 billion, a price-to-earnings ratio of 1,328.31 and a beta of 1.13. The business has a 50-day moving average of $326.34 and a 200 day moving average of $294.20. CyberArk Software Ltd. has a 12 month low of $223.09 and a 12 month high of $364.18.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $234.10 million. During the same quarter last year, the firm posted ($0.31) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. KeyCorp boosted their target price on CyberArk Software from $355.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday. StockNews.com raised CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Citigroup boosted their price objective on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, DA Davidson raised their target price on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.74.

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.