JARISLOWSKY FRASER Ltd Has $46.86 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

JARISLOWSKY FRASER Ltd decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,653 shares of the technology company’s stock after selling 5,244 shares during the quarter. JARISLOWSKY FRASER Ltd owned 0.32% of CyberArk Software worth $46,859,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CYBR. Jennison Associates LLC increased its position in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares in 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 buying 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 worth $292,651,000 after buying an additional 68,359 shares in the last quarter. Norges Bank bought a new position in shares of CyberArk Software in the 4th quarter valued at $203,375,000. Finally, Nepsis Inc. boosted its holdings in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after acquiring an additional 505,088 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.5 %

CyberArk Software stock opened at $359.04 on Friday. The firm’s fifty day moving average price is $340.85 and its two-hundred day moving average price is $338.44. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of -184.12 and a beta of 0.99. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS 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%. On average, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CYBR. Royal Bank of Canada reiterated an “outperform” rating and issued a $420.00 target price on shares of CyberArk Software in a research report on Friday, April 11th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Roth Capital began coverage on shares of CyberArk Software in a report on Wednesday, April 23rd. They set a “buy” rating and a $415.00 target price on the stock. Robert W. Baird upped their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, DA Davidson reduced their price objective on shares of CyberArk Software from $475.00 to $415.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $415.18.

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.