Bfsg LLC Trims Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Bfsg LLC decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,498 shares of the technology company’s stock after selling 85 shares during the period. Bfsg LLC’s holdings in CyberArk Software were worth $1,861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBR. Jennison Associates LLC increased its stake in shares of CyberArk Software by 81.4% in the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after purchasing an additional 472,961 shares in the last quarter. Duality Advisers LP increased its stake in shares of CyberArk Software by 8.4% in the 4th quarter. Duality Advisers LP now owns 2,374 shares of the technology company’s stock valued at $520,000 after purchasing an additional 183 shares in the last quarter. Signaturefd LLC increased its stake in shares of CyberArk Software by 6.6% in the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after purchasing an additional 54 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of CyberArk Software by 193.5% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 45,500 shares of the technology company’s stock valued at $9,967,000 after purchasing an additional 30,000 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of CyberArk Software by 21.3% in the 4th quarter. Federated Hermes Inc. now owns 65,984 shares of the technology company’s stock valued at $14,454,000 after purchasing an additional 11,583 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BTIG Research assumed coverage on CyberArk Software in a report on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective on the stock. JMP Securities boosted their target price on CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a report on Wednesday, January 31st. Citigroup boosted their target price on CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Mizuho increased their price objective on CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, UBS Group increased their price objective on CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.54.

CyberArk Software Trading Up 1.8 %

NASDAQ:CYBR traded up $4.42 during trading hours on Wednesday, hitting $244.53. The company’s stock had a trading volume of 579,841 shares, compared to its average volume of 578,935. The stock has a market capitalization of $10.33 billion, a P/E ratio of -150.94 and a beta of 1.05. The stock has a fifty day moving average of $257.15 and a 200-day moving average of $222.57. CyberArk Software Ltd. has a 52-week low of $120.11 and a 52-week high of $283.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

CyberArk Software Company 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.