CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by TCW Group Inc.

TCW Group Inc. trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,861 shares of the technology company’s stock after selling 17,128 shares during the period. TCW Group Inc. owned approximately 0.26% of CyberArk Software worth $37,600,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sigma Planning Corp acquired a new stake in CyberArk Software during the 4th quarter valued at approximately $222,000. VisionPoint Advisory Group LLC increased its holdings in shares of CyberArk Software by 18.8% during the 4th quarter. VisionPoint Advisory Group LLC now owns 6,673 shares of the technology company’s stock valued at $2,240,000 after purchasing an additional 1,057 shares in the last quarter. Crumly & Associates Inc. increased its holdings in shares of CyberArk Software by 7.0% during the 4th quarter. Crumly & Associates Inc. now owns 1,802 shares of the technology company’s stock valued at $600,000 after purchasing an additional 118 shares in the last quarter. Transcend Capital Advisors LLC increased its holdings in shares of CyberArk Software by 14.8% during the 4th quarter. Transcend Capital Advisors LLC now owns 1,192 shares of the technology company’s stock valued at $397,000 after purchasing an additional 154 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its holdings in shares of CyberArk Software by 37.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 689 shares of the technology company’s stock valued at $230,000 after purchasing an additional 189 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Down 4.4 %

Shares of CYBR stock opened at $383.29 on Friday. The company’s 50-day moving average price is $356.42 and its 200-day moving average price is $313.57. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly 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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on CYBR. Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company lifted their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Morgan Stanley lifted their target price on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Susquehanna lifted their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, KeyCorp lifted their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $401.67.

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.