Van ECK Associates Corp Raises Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Van ECK Associates Corp raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,285 shares of the technology company’s stock after buying an additional 639 shares during the period. Van ECK Associates Corp’s holdings in CyberArk Software were worth $3,795,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Congress Asset Management Co. MA increased its position in CyberArk Software by 29.3% during the first quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after acquiring an additional 11,345 shares during the last quarter. Contour Asset Management LLC purchased a new stake in CyberArk Software during the fourth quarter valued at approximately $48,605,000. Virtu Financial LLC raised its position in CyberArk Software by 356.2% in the fourth quarter. Virtu Financial LLC now owns 9,508 shares of the technology company’s stock worth $2,083,000 after acquiring an additional 7,424 shares during the period. KBC Group NV purchased a new position in shares of CyberArk Software during the 4th quarter worth $6,021,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in shares of CyberArk Software during the 4th quarter valued at $290,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

CyberArk Software stock opened at $274.32 on Friday. CyberArk Software Ltd. has a 12-month low of $142.92 and a 12-month high of $283.00. The firm has a 50-day moving average price of $246.93 and a 200-day moving average price of $245.51.

CyberArk Software (NASDAQ:CYBRGet Free Report) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. As a group, analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CYBR. Bank of America restated a “buy” rating and set a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. DA Davidson raised their price target on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Tuesday, June 25th. Wedbush reissued an “outperform” rating and set a $285.00 target price on shares of CyberArk Software in a research note on Friday, May 3rd. Finally, JMP Securities reissued a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $275.00.

View Our Latest Stock Report on CYBR

CyberArk Software Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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