Van ECK Associates Corp Buys 1,035 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Van ECK Associates Corp boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,870 shares of the technology company’s stock after acquiring an additional 1,035 shares during the period. 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 and hedge funds have also recently modified their holdings of the stock. Creative Planning increased its holdings in CyberArk Software by 14.0% during the third quarter. Creative Planning now owns 11,971 shares of the technology company’s stock valued at $3,491,000 after buying an additional 1,471 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of CyberArk Software by 26.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,123 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 852 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of CyberArk Software by 49.4% in the 3rd quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock worth $316,000 after acquiring an additional 382 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in CyberArk Software by 45.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock worth $50,126,000 after buying an additional 53,502 shares during the period. Finally, Toth Financial Advisory Corp increased its position in CyberArk Software by 3.9% during the 3rd quarter. Toth Financial Advisory Corp now owns 2,696 shares of the technology company’s stock valued at $786,000 after purchasing an additional 100 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CYBR shares. Stifel Nicolaus lifted their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird increased their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. UBS Group increased their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. KeyCorp raised 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. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Stock Down 0.2 %

NASDAQ CYBR opened at $413.31 on Tuesday. The stock has a market cap of $18.01 billion, a PE ratio of 1,530.83 and a beta of 1.15. The business has a 50 day moving average price of $349.78 and a two-hundred day moving average price of $309.64. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $419.49.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

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.