Alliancebernstein L.P. Acquires 145,221 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Alliancebernstein L.P. grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 144.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 245,492 shares of the technology company’s stock after buying an additional 145,221 shares during the period. Alliancebernstein L.P.’s holdings in CyberArk Software were worth $81,786,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. TD Private Client Wealth LLC boosted its stake in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. grew its stake in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. Venturi Wealth Management LLC increased its position in CyberArk Software by 6.9% in the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after buying an additional 52 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in CyberArk Software by 1.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock worth $1,275,000 after buying an additional 53 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $327.96 on Friday. The company has a market cap of $16.21 billion, a P/E ratio of -168.18 and a beta of 1.06. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The stock’s fifty day moving average price is $362.85 and its two-hundred day moving average price is $327.79.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent research reports. KeyCorp boosted their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Canaccord Genuity Group raised their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Rosenblatt Securities restated a “buy” rating and issued a $445.00 target price on shares of CyberArk Software in a report on Wednesday, February 26th. Finally, Guggenheim reaffirmed a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $418.04.

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.