Sumitomo Mitsui Trust Holdings Inc. Sells 181 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,124 shares of the technology company’s stock after selling 181 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.20% of CyberArk Software worth $17,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. HighTower Advisors LLC grew its holdings in shares of CyberArk Software by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after purchasing an additional 60 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in shares of CyberArk Software by 1.6% during the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after purchasing an additional 61 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of CyberArk Software by 2.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,772 shares of the technology company’s stock worth $454,000 after purchasing an additional 63 shares during the last quarter. Sheets Smith Wealth Management increased its position in CyberArk Software by 2.5% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock valued at $455,000 after purchasing an additional 68 shares during the period. Finally, Pacer Advisors Inc. increased its position in CyberArk Software by 14.9% during the 4th quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after purchasing an additional 73 shares during the period. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. KeyCorp increased their target price on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Citigroup increased their target price on shares of CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. JMP Securities increased their target price on shares of CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Bank of America increased their target price on shares of CyberArk Software from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Finally, Needham & Company LLC increased their price target on CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $234.66 on Tuesday. CyberArk Software Ltd. has a 1 year low of $120.11 and a 1 year high of $283.00. The firm has a market cap of $9.92 billion, a PE ratio of -144.85 and a beta of 1.05. The stock has a fifty day moving average price of $257.63 and a 200-day moving average price of $222.06.

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