American Century Companies Inc. Has $103.40 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

American Century Companies Inc. trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 30.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 310,359 shares of the technology company’s stock after selling 133,212 shares during the period. American Century Companies Inc.’s holdings in CyberArk Software were worth $103,396,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Nepsis Inc. boosted its position in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after buying an additional 505,088 shares during the period. Jennison Associates LLC raised its stake in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after acquiring an additional 391,900 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares during the period. Swedbank AB grew its stake in shares of CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in CyberArk Software by 138.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company’s stock valued at $47,724,000 after purchasing an additional 83,252 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CYBR. Barclays lifted their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Morgan Stanley assumed coverage on shares of CyberArk Software in a research note on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Truist Financial lifted their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, 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. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $351.00 on Tuesday. The stock has a market cap of $17.35 billion, a price-to-earnings ratio of -180.00 and a beta of 1.06. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm’s 50-day simple moving average is $364.42 and its 200 day simple moving average is $324.32.

CyberArk Software (NASDAQ:CYBR) last posted 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%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current 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.