Lisanti Capital Growth LLC Trims Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Lisanti Capital Growth LLC trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,860 shares of the technology company’s stock after selling 430 shares during the period. Lisanti Capital Growth LLC’s holdings in CyberArk Software were worth $1,619,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Raymond James Financial Inc. purchased a new position in shares of CyberArk Software during the 4th quarter worth approximately $18,106,000. Assetmark Inc. increased its stake in CyberArk Software by 112.6% in the 4th quarter. Assetmark Inc. now owns 287 shares of the technology company’s stock valued at $96,000 after purchasing an additional 152 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in CyberArk Software by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 30,738 shares of the technology company’s stock valued at $10,240,000 after purchasing an additional 1,138 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in CyberArk Software by 54.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company’s stock valued at $66,000 after purchasing an additional 70 shares in the last quarter. Finally, NBW Capital LLC increased its stake in CyberArk Software by 66.9% in the 4th quarter. NBW Capital LLC now owns 14,920 shares of the technology company’s stock valued at $4,971,000 after purchasing an additional 5,980 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CYBR shares. Royal Bank of Canada raised their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Canaccord Genuity Group increased their target price on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th. Barclays increased their target price on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, KeyCorp increased their target price on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Trading Down 6.7 %

Shares of CyberArk Software stock opened at $337.69 on Friday. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock has a market capitalization of $14.71 billion, a P/E ratio of -173.17 and a beta of 1.15. The business’s fifty day moving average price is $363.90 and its 200 day moving average price is $318.88.

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

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.