CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Lessened by Van ECK Associates Corp

Van ECK Associates Corp cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,646 shares of the technology company’s stock after selling 283 shares during the quarter. Van ECK Associates Corp’s holdings in CyberArk Software were worth $2,989,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Assetmark Inc. lifted its stake in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after buying an additional 95 shares in the last quarter. Desjardins Global Asset Management Inc. raised its stake in CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the period. Headlands Technologies LLC purchased a new stake in shares of CyberArk Software in the third quarter valued at $84,000. Blue Trust Inc. boosted its position in shares of CyberArk Software by 20.6% in the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock worth $123,000 after buying an additional 96 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in shares of CyberArk Software by 14.9% during the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Up 3.7 %

CyberArk Software stock opened at $235.64 on Tuesday. CyberArk Software Ltd. has a 12 month low of $133.84 and a 12 month high of $283.00. The stock has a market cap of $9.96 billion, a price-to-earnings ratio of -368.19 and a beta of 1.06. The business has a 50 day moving average price of $253.97 and a two-hundred day moving average price of $227.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The firm had revenue of $223.10 million for the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. On average, analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of research reports. UBS Group raised their price objective on CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Friday. Mizuho increased their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Bank of America restated a “buy” rating and set a $315.00 price target on shares of CyberArk Software in a report on Wednesday, April 24th. Finally, KeyCorp lifted their price objective on CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $265.63.

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.