Zurcher Kantonalbank Zurich Cantonalbank Has $11.20 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,614 shares of the technology company’s stock after acquiring an additional 889 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CyberArk Software were worth $11,199,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Verdence Capital Advisors LLC acquired a new stake in CyberArk Software during the third quarter valued at approximately $234,000. Assetmark Inc. boosted its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Venturi Wealth Management LLC grew its position in CyberArk Software by 50.6% in the third quarter. Venturi Wealth Management LLC now owns 753 shares of the technology company’s stock valued at $220,000 after acquiring an additional 253 shares during the period. Baillie Gifford & Co. grew its position in CyberArk Software by 0.4% in the third quarter. Baillie Gifford & Co. now owns 101,398 shares of the technology company’s stock valued at $29,569,000 after acquiring an additional 407 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in CyberArk Software by 6.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 76,326 shares of the technology company’s stock worth $22,257,000 after acquiring an additional 4,800 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 2.3 %

Shares of CYBR stock opened at $338.49 on Thursday. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a fifty day moving average of $364.12 and a 200-day moving average of $320.50. The firm has a market capitalization of $14.75 billion, a price-to-earnings ratio of -173.58 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results 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%. Research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CYBR. JPMorgan Chase & Co. increased their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. Truist Financial raised their price target on CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Mizuho lifted their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

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.