Loomis Sayles & Co. L P Lowers Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Loomis Sayles & Co. L P cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 144,339 shares of the technology company’s stock after selling 21,850 shares during the period. Loomis Sayles & Co. L P’s holdings in CyberArk Software were worth $48,087,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of CYBR. HighTower Advisors LLC boosted its holdings in CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Groupama Asset Managment lifted its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of CyberArk Software in the third quarter valued at about $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new stake in CyberArk Software during the fourth quarter worth about $764,000. Finally, China Universal Asset Management Co. Ltd. acquired a new position in CyberArk Software during the fourth quarter worth about $1,166,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CYBR shares. Stifel Nicolaus lifted their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Oppenheimer boosted their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. KeyCorp raised 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. 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 report on Tuesday, February 25th. Finally, Piper Sandler raised their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $341.21 on Friday. The company has a market capitalization of $16.86 billion, a price-to-earnings ratio of -174.98 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The business has a 50-day moving average of $364.49 and a 200-day moving average of $325.26.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.