Zions Bancorporation N.A. Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Zions Bancorporation N.A. lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 18.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,435 shares of the technology company’s stock after buying an additional 1,957 shares during the period. Zions Bancorporation N.A.’s holdings in CyberArk Software were worth $4,143,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Congress Wealth Management LLC DE boosted its position in CyberArk Software by 8.2% in the fourth quarter. Congress Wealth Management LLC DE now owns 18,080 shares of the technology company’s stock worth $6,023,000 after purchasing an additional 1,365 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of CyberArk Software by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company’s stock worth $24,663,000 after purchasing an additional 662 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of CyberArk Software in the fourth quarter worth approximately $4,514,000. Sei Investments Co. grew its position in CyberArk Software by 12.1% during the fourth quarter. Sei Investments Co. now owns 128,406 shares of the technology company’s stock valued at $42,779,000 after buying an additional 13,823 shares during the period. Finally, TD Private Client Wealth LLC increased its holdings in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $351.00 on Tuesday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a 50-day moving average of $364.42 and a 200 day moving average of $324.32. The firm has a market cap of $17.35 billion, a PE ratio of -180.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced 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 anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

CYBR has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Citigroup boosted their price target on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Scotiabank upped their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Morgan Stanley assumed coverage on CyberArk Software in a research report on Tuesday, March 18th. They set an “equal weight” rating on the stock. Finally, Wells Fargo & Company boosted their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $418.15.

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.