Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 32,725 shares of the technology company’s stock after buying an additional 1,232 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in CyberArk Software were worth $9,543,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Mather Group LLC. purchased a new position in shares of CyberArk Software during the 2nd quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in CyberArk Software in the second quarter worth $33,000. Assetmark Inc. raised its holdings in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter valued at $39,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the 3rd quarter valued at $51,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of 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. CyberArk Software Ltd. has a one year low of $193.91 and a one year high of $332.05. The business has a fifty day moving average of $295.12 and a 200 day moving average of $273.47.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on CYBR. UBS Group increased their price target 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. Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Oppenheimer upped their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. KeyCorp lifted their price objective on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Scotiabank started coverage on CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. One investment analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $328.37.

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.