BNP Paribas Financial Markets Cuts Position in CyberArk Software Ltd. (NASDAQ:CYBR)

BNP Paribas Financial Markets trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 99.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,711 shares of the technology company’s stock after selling 12,563,636 shares during the period. BNP Paribas Financial Markets owned approximately 0.08% of CyberArk Software worth $11,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CYBR. TD Private Client Wealth LLC lifted its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. CenterBook Partners LP lifted its position in CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after buying an additional 38 shares during the last quarter. Montag A & Associates Inc. boosted its stake in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the period. Venturi Wealth Management LLC raised its stake in shares of CyberArk Software by 6.9% in the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after acquiring an additional 52 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of CyberArk Software by 1.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock worth $1,275,000 after acquiring an additional 53 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. Piper Sandler upped their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Needham & Company LLC reiterated a “buy” rating and set a $480.00 target price on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Citigroup upped their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $415.18.

CyberArk Software Price Performance

NASDAQ CYBR opened at $359.04 on Friday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market cap of $17.75 billion, a PE ratio of -184.12 and a beta of 0.99. The stock’s 50 day simple moving average is $340.85 and its 200-day simple moving average is $338.44.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.