Praesidium Investment Management Company LLC Decreases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Praesidium Investment Management Company LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 185,136 shares of the technology company’s stock after selling 14,073 shares during the quarter. CyberArk Software makes up approximately 10.3% of Praesidium Investment Management Company LLC’s holdings, making the stock its 4th biggest holding. Praesidium Investment Management Company LLC’s holdings in CyberArk Software were worth $61,678,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CYBR. Wealth Enhancement Advisory Services LLC grew its holdings in CyberArk Software by 4.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company’s stock worth $701,000 after acquiring an additional 90 shares during the last quarter. Brookstone Capital Management bought a new stake in CyberArk Software during the 4th quarter worth about $202,000. Assenagon Asset Management S.A. grew its holdings in CyberArk Software by 749.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,068 shares of the technology company’s stock worth $6,686,000 after acquiring an additional 17,705 shares during the last quarter. Park Avenue Securities LLC grew its holdings in CyberArk Software by 27.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company’s stock worth $1,363,000 after acquiring an additional 887 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software during the 4th quarter worth about $25,000. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Stephens initiated coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They set an “overweight” rating and a $440.00 price objective on the stock. Barclays restated an “overweight” rating on shares of CyberArk Software in a research report on Tuesday. Morgan Stanley restated an “equal weight” rating on shares of CyberArk Software in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday. Finally, Wells Fargo & Company upped their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $415.71.

CyberArk Software Stock Down 1.8%

Shares of CYBR opened at $354.76 on Thursday. The stock has a market capitalization of $17.53 billion, a P/E ratio of -181.93 and a beta of 0.99. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The company has a 50 day moving average of $341.83 and a 200-day moving average of $339.56.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.