Westover Capital Advisors LLC Sells 211 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Westover Capital Advisors LLC cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,090 shares of the technology company’s stock after selling 211 shares during the period. CyberArk Software makes up about 1.0% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position. Westover Capital Advisors LLC’s holdings in CyberArk Software were worth $4,694,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Jennison Associates LLC lifted its holdings in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment lifted its holdings in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the last quarter. Nepsis Inc. lifted its holdings in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after purchasing an additional 505,088 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in CyberArk Software by 4.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock valued at $186,682,000 after purchasing an additional 24,805 shares during the last quarter. Finally, Swedbank AB lifted its holdings in CyberArk Software by 19.0% during the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on CYBR. Oppenheimer raised their price target on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. raised their price target on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. DA Davidson reissued a “buy” rating and set a $475.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lifted their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Stock Down 2.8 %

CyberArk Software stock opened at $353.56 on Tuesday. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The business’s 50-day moving average price is $362.10 and its two-hundred day moving average price is $317.92. The stock has a market cap of $15.41 billion, a PE ratio of -181.31 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.