CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,129 shares of the technology company’s stock after selling 37,328 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.41% of CyberArk Software worth $37,267,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CYBR. Raymond James & Associates grew its position in shares of CyberArk Software by 15.6% in the 1st quarter. Raymond James & Associates now owns 12,520 shares of the technology company’s stock worth $2,113,000 after acquiring an additional 1,691 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of CyberArk Software by 86.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 7,837 shares of the technology company’s stock worth $1,322,000 after acquiring an additional 3,634 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of CyberArk Software by 29.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock worth $498,000 after acquiring an additional 678 shares in the last quarter. Yousif Capital Management LLC acquired a new position in shares of CyberArk Software in the 1st quarter worth approximately $293,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in CyberArk Software by 16.8% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock valued at $235,000 after purchasing an additional 200 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.4 %

Shares of CyberArk Software stock opened at $257.51 on Monday. The stock’s fifty day moving average is $257.98 and its 200-day moving average is $215.64. CyberArk Software Ltd. has a 12-month low of $120.11 and a 12-month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CYBR shares. UBS Group boosted their price objective on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Thursday, February 29th. Rosenblatt Securities boosted their price objective on CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Oppenheimer boosted their price objective on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Finally, BTIG Research assumed coverage on CyberArk Software in a research report on Thursday, March 28th. They set a “buy” rating and a $317.00 price objective for the company. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.54.

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.