Allspring Global Investments Holdings LLC Grows Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Allspring Global Investments Holdings LLC raised its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 195.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 508,355 shares of the technology company’s stock after purchasing an additional 336,462 shares during the period. Allspring Global Investments Holdings LLC owned 1.17% of CyberArk Software worth $170,614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the 4th quarter valued at approximately $25,000. Assetmark Inc. boosted its holdings in shares of 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 acquiring an additional 123 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $50,000. Transcendent Capital Group LLC purchased a new position in CyberArk Software during the third quarter valued at approximately $51,000. Finally, Kieckhefer Group LLC bought a new stake in CyberArk Software during the 4th quarter worth approximately $67,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 2.1 %

Shares of CYBR stock opened at $381.81 on Wednesday. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $394.31. The stock has a market cap of $16.64 billion, a price-to-earnings ratio of 1,414.16 and a beta of 1.15. The business’s fifty day moving average is $342.18 and its 200 day moving average is $304.57.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CYBR. Truist Financial upped their price target on shares of CyberArk Software from $350.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Barclays upped their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Susquehanna boosted their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $373.96.

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.