CyberArk Software Ltd. (NASDAQ:CYBR) Stake Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,422 shares of the technology company’s stock after selling 210 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CyberArk Software were worth $5,804,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the fourth quarter worth about $25,000. Assetmark Inc. raised its position in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Montag A & Associates Inc. increased its stake in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in CyberArk Software in the 4th quarter worth about $50,000. Finally, Transcendent Capital Group LLC purchased a new position in CyberArk Software in the 3rd quarter worth about $51,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $353.56 on Tuesday. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of -181.31 and a beta of 1.15. The business has a 50 day simple moving average of $362.10 and a 200 day simple moving average of $317.92. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CYBR. Citigroup lifted their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday. Canaccord Genuity Group lifted their price target on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and issued a $480.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. Susquehanna lifted their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $418.15.

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.