J. Safra Sarasin Holding AG Cuts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

J. Safra Sarasin Holding AG decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,269 shares of the technology company’s stock after selling 1,758 shares during the period. J. Safra Sarasin Holding AG’s holdings in CyberArk Software were worth $3,088,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC lifted its holdings in shares of 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. First Trust Advisors LP grew its stake in shares of CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock worth $313,084,000 after acquiring an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after acquiring an additional 68,359 shares in the last quarter. Norges Bank purchased a new position in shares of CyberArk Software in the 4th quarter valued at approximately $203,375,000. Finally, Nepsis Inc. boosted its stake in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $312.90 on Tuesday. The stock’s 50 day simple moving average is $349.95 and its 200-day simple moving average is $332.98. The stock has a market cap of $15.47 billion, a P/E ratio of -160.46 and a beta of 1.00. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $420.00 price target on shares of CyberArk Software in a research report on Friday, April 11th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $412.14.

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.