JPMorgan Chase & Co. Sells 4,182,711 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

JPMorgan Chase & Co. trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 88.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 568,597 shares of the technology company’s stock after selling 4,182,711 shares during the period. JPMorgan Chase & Co. owned 1.31% of CyberArk Software worth $189,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Nepsis Inc. boosted its stake in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after buying an additional 505,088 shares during the period. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after acquiring an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after acquiring an additional 336,462 shares during the last quarter. Swedbank AB grew its holdings in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its position in shares of CyberArk Software by 138.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company’s stock worth $47,724,000 after purchasing an additional 83,252 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 0.7 %

Shares of CyberArk Software stock opened at $338.00 on Tuesday. The business has a 50 day moving average of $363.88 and a 200 day moving average of $327.12. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company has a market cap of $16.71 billion, a PE ratio of -173.33 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Citigroup increased their target price on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Barclays boosted their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research 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 company. According to data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $417.22.

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.