Mutual of America Capital Management LLC Reduces Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Mutual of America Capital Management LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,848 shares of the technology company’s stock after selling 668 shares during the quarter. Mutual of America Capital Management LLC’s holdings in CyberArk Software were worth $4,880,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. purchased a new position in shares of CyberArk Software during the second quarter worth about $27,000. Montag A & Associates Inc. purchased a new position in CyberArk Software during the 1st quarter worth approximately $27,000. ORG Partners LLC acquired a new position in CyberArk Software during the second quarter worth approximately $33,000. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software in the second quarter valued at approximately $39,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $34,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $280.62 on Friday. The stock has a market cap of $11.86 billion, a PE ratio of -438.47 and a beta of 1.11. CyberArk Software Ltd. has a 1 year low of $152.03 and a 1 year high of $293.31. The stock has a fifty day moving average price of $268.97 and a 200 day moving average price of $257.78.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. During the same period in the previous year, the firm earned ($0.58) EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities research analysts predict that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CYBR. Barclays lifted their target price on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. KeyCorp upped their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Canaccord Genuity Group lowered their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, Royal Bank of Canada began coverage on CyberArk Software in a research report on Friday. They set an “outperform” rating and a $328.00 price objective for the company. Two analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $292.32.

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.