Allspring Global Investments Holdings LLC lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 195.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 508,355 shares of the technology company's stock after buying an additional 336,462 shares during the period. Allspring Global Investments Holdings LLC owned approximately 1.17% of CyberArk Software worth $170,614,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the fourth quarter worth approximately $25,000. Assetmark Inc. boosted its position in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after buying an additional 123 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of CyberArk Software during the fourth quarter worth approximately $50,000. Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the third quarter worth approximately $51,000. Finally, Kieckhefer Group LLC bought a new stake in CyberArk Software during the fourth quarter worth approximately $67,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities research analysts recently commented on CYBR shares. Canaccord Genuity Group boosted their target price on CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a report on Friday. Wells Fargo & Company boosted their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday. Needham & Company LLC boosted their target price on CyberArk Software from $360.00 to $410.00 and gave the stock a "buy" rating in a report on Thursday, January 9th. Barclays boosted their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Stifel Nicolaus boosted their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, CyberArk Software currently has an average rating of "Moderate Buy" and an average target price of $401.67.
Read Our Latest Stock Analysis on CYBR
CyberArk Software Trading Down 0.2 %
Shares of CYBR traded down $1.00 during mid-day trading on Friday, hitting $413.31. 1,005,808 shares of the company traded hands, compared to its average volume of 445,350. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $419.49. The business has a 50-day moving average of $346.11 and a 200 day moving average of $306.73. The stock has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.
About CyberArk Software
(
Free Report)
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.
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