Atika Capital Management LLC Lowers Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Atika Capital Management LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 45,500 shares of the technology company’s stock after selling 9,500 shares during the quarter. CyberArk Software comprises about 1.6% of Atika Capital Management LLC’s holdings, making the stock its 13th largest position. Atika Capital Management LLC’s holdings in CyberArk Software were worth $15,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software in the fourth quarter valued at $25,000. TD Private Client Wealth LLC lifted its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software during the 4th quarter worth about $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% during 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. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 6.6 %

Shares of NASDAQ CYBR opened at $306.46 on Friday. The stock’s 50 day moving average price is $361.79 and its two-hundred day moving average price is $328.40. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a market capitalization of $15.15 billion, a P/E ratio of -157.16 and a beta of 1.06.

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

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Scotiabank boosted their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. JMP Securities upped their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Mizuho raised their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Rosenblatt Securities restated a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $418.04.

CyberArk Software 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.