Zions Bancorporation N.A. Buys 1,540 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Zions Bancorporation N.A. grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBRGet Rating) by 37.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,671 shares of the technology company’s stock after buying an additional 1,540 shares during the quarter. Zions Bancorporation N.A.’s holdings in CyberArk Software were worth $957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Lindbrook Capital LLC raised its position in shares of CyberArk Software by 16.8% during the 1st quarter. Lindbrook Capital LLC now owns 430 shares of the technology company’s stock valued at $73,000 after buying an additional 62 shares in the last quarter. Bangor Savings Bank raised its position in CyberArk Software by 0.4% in the 1st quarter. Bangor Savings Bank now owns 17,963 shares of the technology company’s stock worth $3,031,000 after purchasing an additional 70 shares during the period. Parallel Advisors LLC raised its position in CyberArk Software by 77.2% in the 1st quarter. Parallel Advisors LLC now owns 163 shares of the technology company’s stock worth $28,000 after purchasing an additional 71 shares during the period. Quadrant Capital Group LLC raised its position in CyberArk Software by 18.0% in the 1st quarter. Quadrant Capital Group LLC now owns 551 shares of the technology company’s stock worth $93,000 after purchasing an additional 84 shares during the period. Finally, Blair William & Co. IL raised its position in CyberArk Software by 1.3% in the 4th quarter. Blair William & Co. IL now owns 13,554 shares of the technology company’s stock worth $2,349,000 after purchasing an additional 171 shares during the period. 88.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CYBR shares. Mizuho increased their price objective on shares of CyberArk Software from $170.00 to $180.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. The Goldman Sachs Group increased their price objective on shares of CyberArk Software from $158.00 to $175.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Morgan Stanley increased their price objective on shares of CyberArk Software from $172.00 to $184.00 and gave the stock an “overweight” rating in a research report on Thursday, August 11th. Wolfe Research increased their price objective on shares of CyberArk Software from $155.00 to $180.00 and gave the stock an “outperform” rating in a research report on Friday, August 12th. Finally, Summit Insights reduced their target price on shares of CyberArk Software from $225.00 to $150.00 in a research report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.79.

CyberArk Software Price Performance

NASDAQ CYBR opened at $145.36 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.81 and a current ratio of 2.81. The firm’s 50 day moving average price is $139.61 and its 200-day moving average price is $145.74. CyberArk Software Ltd. has a 52-week low of $100.35 and a 52-week high of $201.68. The company has a market cap of $5.92 billion, a PE ratio of -48.13 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBRGet Rating) last released its quarterly earnings data on Wednesday, August 10th. The technology company reported ($0.88) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.95) by $0.07. CyberArk Software had a negative net margin of 22.37% and a negative return on equity of 15.42%. The firm had revenue of $142.33 million for the quarter, compared to the consensus estimate of $138.45 million. During the same period last year, the firm earned ($0.45) earnings per share. The company’s quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts forecast that CyberArk Software Ltd. will post -3.65 EPS for the current fiscal year.

CyberArk Software Profile

(Get Rating)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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

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