Van ECK Associates Corp Increases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Van ECK Associates Corp raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,870 shares of the technology company's stock after buying an additional 1,035 shares during the quarter. Van ECK Associates Corp's holdings in CyberArk Software were worth $5,953,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of CyberArk Software by 195.7% in 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. Sycomore Asset Management raised its stake in CyberArk Software by 39.4% in the 4th quarter. Sycomore Asset Management now owns 44,312 shares of the technology company's stock worth $14,763,000 after acquiring an additional 12,514 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in CyberArk Software during the 4th quarter worth about $964,000. Stephens Inc. AR grew its stake in CyberArk Software by 6.0% during the 4th quarter. Stephens Inc. AR now owns 2,545 shares of the technology company's stock valued at $848,000 after purchasing an additional 145 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its holdings in shares of CyberArk Software by 321.3% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 2,077 shares of the technology company's stock valued at $692,000 after purchasing an additional 1,584 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Down 4.4 %

CYBR stock traded down $17.68 during midday trading on Friday, reaching $383.29. The stock had a trading volume of 672,280 shares, compared to its average volume of 581,939. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company's fifty day simple moving average is $355.03 and its 200 day simple moving average is $312.10. The company has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. Barclays upped their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 14th. KeyCorp raised their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Royal Bank of Canada upped their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the company an "outperform" rating in a report on Tuesday, January 21st. Finally, StockNews.com lowered CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, CyberArk Software has a consensus rating of "Moderate Buy" and an average price target of $401.67.

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.