Alliancebernstein L.P. Buys 145,221 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Alliancebernstein L.P. increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 144.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,492 shares of the technology company's stock after purchasing an additional 145,221 shares during the quarter. Alliancebernstein L.P. owned approximately 0.56% of CyberArk Software worth $81,786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYBR. Charles Schwab Investment Management Inc. lifted its holdings in shares of CyberArk Software by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company's stock valued at $8,632,000 after purchasing an additional 1,557 shares in the last quarter. MetLife Investment Management LLC boosted its position in CyberArk Software by 5.4% during the 3rd quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company's stock worth $1,137,000 after acquiring an additional 200 shares during the period. Benjamin Edwards Inc. increased its stake in CyberArk Software by 147.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company's stock valued at $962,000 after buying an additional 1,964 shares during the period. HighTower Advisors LLC raised its stake in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Investment Management Corp of Ontario lifted its holdings in shares of CyberArk Software by 55.5% during the 3rd quarter. Investment Management Corp of Ontario now owns 1,401 shares of the technology company's stock valued at $409,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

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CyberArk Software Trading Up 7.4 %

CYBR stock traded up $22.61 during midday trading on Tuesday, hitting $328.59. The stock had a trading volume of 515,965 shares, compared to its average volume of 514,935. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The stock has a 50-day simple moving average of $360.72 and a 200 day simple moving average of $329.07. The firm has a market capitalization of $16.24 billion, a price-to-earnings ratio of -169.38 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Scotiabank increased their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. KeyCorp lifted their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Mizuho raised their target price on CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, DA Davidson reiterated a "buy" rating and set a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $418.04.

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.