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

Allspring Global Investments Holdings LLC grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 195.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 508,355 shares of the technology company’s stock after buying an additional 336,462 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CyberArk Software were worth $170,614,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. Brown Lisle Cummings Inc. purchased a new position in shares of CyberArk Software in the 4th quarter worth $50,000. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the 3rd quarter worth $51,000. Finally, Kieckhefer Group LLC bought a new stake in shares of CyberArk Software in the fourth quarter worth $67,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 2.1 %

Shares of NASDAQ:CYBR opened at $381.81 on Wednesday. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 1,414.16 and a beta of 1.15. CyberArk Software Ltd. has a 12 month low of $223.09 and a 12 month high of $394.31. The company has a 50-day moving average price of $342.18 and a 200 day moving average price of $304.57.

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

Analysts Set New Price Targets

Several research analysts have issued reports on the company. UBS Group raised their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. JMP Securities reiterated a “market outperform” rating and issued a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Rosenblatt Securities boosted their price objective on shares of CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Barclays raised their target price on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Oppenheimer boosted their price target on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $373.96.

CyberArk Software 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.