Westover Capital Advisors LLC Sells 211 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Westover Capital Advisors LLC trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,090 shares of the technology company’s stock after selling 211 shares during the quarter. CyberArk Software comprises 1.0% of Westover Capital Advisors LLC’s portfolio, making the stock its 21st biggest holding. Westover Capital Advisors LLC’s holdings in CyberArk Software were worth $4,694,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after buying an additional 2,062 shares during the last quarter. Groupama Asset Managment raised its holdings 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 buying an additional 5,402 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software in the third quarter valued at about $8,612,000. Finally, CHURCHILL MANAGEMENT Corp bought a new position in shares of CyberArk Software in the fourth quarter valued at about $764,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several recent research reports. Guggenheim reissued a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Canaccord Genuity Group boosted their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company boosted their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Barclays boosted their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Down 2.8 %

Shares of CYBR opened at $353.56 on Tuesday. The stock has a market capitalization of $15.41 billion, a P/E ratio of -181.31 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. The company has a 50 day moving average of $362.10 and a 200-day moving average of $317.92.

CyberArk Software (NASDAQ:CYBR) last issued 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.