CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,520 shares of the technology company's stock after acquiring an additional 1,540 shares during the period. Tocqueville Asset Management L.P. owned 0.05% of CyberArk Software worth $7,503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Nepsis Inc. boosted its stake in CyberArk Software by 882.4% during the fourth 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 last quarter. Jennison Associates LLC boosted its stake in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after buying an additional 391,900 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in 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 buying an additional 336,462 shares during the last quarter. Swedbank AB boosted its stake in CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company's stock worth $181,600,000 after buying an additional 87,201 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd boosted its stake in CyberArk Software by 138.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company's stock worth $47,724,000 after buying an additional 83,252 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com lowered CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada lifted their target price on CyberArk Software from $385.00 to $410.00 and gave the company an "outperform" rating in a research report on Tuesday, January 21st. Needham & Company LLC restated a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a research report on Thursday. Oppenheimer lifted their target price on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. Finally, Scotiabank lifted their target price on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $418.15.

CyberArk Software Price Performance

Shares of CYBR stock traded up $5.00 during midday trading on Friday, hitting $351.76. The company had a trading volume of 440,241 shares, compared to its average volume of 492,964. The company's 50 day simple moving average is $364.16 and its 200 day simple moving average is $323.12. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a market cap of $17.39 billion, a price-to-earnings ratio of -180.39 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Analysts anticipate 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.