DekaBank Deutsche Girozentrale lowered its holdings in Cyberark Software Ltd (NASDAQ:CYBR) by 70.5% in the first quarter, HoldingsChannel.com reports. The firm owned 1,845 shares of the technology company’s stock after selling 4,418 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Cyberark Software were worth $136,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Eagle Asset Management Inc. grew its position in shares of Cyberark Software by 3.6% in the first quarter. Eagle Asset Management Inc. now owns 5,087 shares of the technology company’s stock valued at $605,000 after purchasing an additional 177 shares during the period. Global Retirement Partners LLC grew its position in shares of Cyberark Software by 100.0% in the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock valued at $48,000 after purchasing an additional 200 shares during the period. Signaturefd LLC grew its position in shares of Cyberark Software by 40.0% in the first quarter. Signaturefd LLC now owns 700 shares of the technology company’s stock valued at $83,000 after purchasing an additional 200 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cyberark Software by 0.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,042 shares of the technology company’s stock valued at $2,672,000 after purchasing an additional 261 shares during the period. Finally, Creative Planning grew its position in shares of Cyberark Software by 16.0% in the fourth quarter. Creative Planning now owns 3,257 shares of the technology company’s stock valued at $241,000 after purchasing an additional 450 shares during the period. 72.56% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently commented on CYBR. Wedbush lifted their price objective on Cyberark Software to $140.00 and gave the company an “outperform” rating in a research report on Friday, March 22nd. BidaskClub downgraded Cyberark Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 11th. Zacks Investment Research downgraded Cyberark Software from a “buy” rating to a “hold” rating in a research report on Tuesday, April 16th. Mizuho started coverage on Cyberark Software in a research report on Tuesday, March 26th. They set a “buy” rating and a $135.00 price target for the company. Finally, Citigroup boosted their price target on Cyberark Software from $111.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, May 15th. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. Cyberark Software currently has a consensus rating of “Buy” and a consensus target price of $109.81.

CYBR stock opened at $130.30 on Friday. Cyberark Software Ltd has a 12-month low of $59.02 and a 12-month high of $138.73. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 85.72, a PEG ratio of 6.92 and a beta of 1.73.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.33. The company had revenue of $95.94 million for the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. As a group, equities research analysts forecast that Cyberark Software Ltd will post 1.19 EPS for the current year.

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Cyberark Software Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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