Zurcher Kantonalbank Zurich Cantonalbank Acquires 1,232 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,725 shares of the technology company’s stock after purchasing an additional 1,232 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of CyberArk Software worth $9,543,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC grew its stake in CyberArk Software by 5.4% in the 3rd quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock valued at $1,137,000 after buying an additional 200 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in CyberArk Software during the 3rd quarter worth about $2,245,000. Cynosure Group LLC purchased a new position in CyberArk Software during the 3rd quarter valued at about $393,000. Townsquare Capital LLC grew its holdings in CyberArk Software by 8.9% during the 3rd quarter. Townsquare Capital LLC now owns 16,914 shares of the technology company’s stock valued at $4,932,000 after buying an additional 1,388 shares in the last quarter. Finally, NCP Inc. lifted its holdings in shares of CyberArk Software by 2.8% in the third quarter. NCP Inc. now owns 5,500 shares of the technology company’s stock worth $1,604,000 after buying an additional 150 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CYBR shares. JMP Securities upped their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14th. Wedbush increased their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Stifel Nicolaus raised their price target on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, UBS Group boosted their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Stock Up 1.5 %

NASDAQ:CYBR opened at $323.51 on Monday. The firm has a market capitalization of $14.10 billion, a P/E ratio of 1,198.23 and a beta of 1.13. The company has a fifty day moving average of $295.12 and a 200 day moving average of $273.47. CyberArk Software Ltd. has a 52 week low of $193.91 and a 52 week high of $332.05.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.31) earnings per share. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.62 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.