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

Allspring Global Investments Holdings LLC lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 45.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,893 shares of the technology company’s stock after buying an additional 53,502 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CyberArk Software were worth $50,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Montag A & Associates Inc. bought a new position in CyberArk Software in the first quarter valued at about $27,000. Mather Group LLC. purchased a new stake in shares of CyberArk Software during the 2nd quarter valued at about $27,000. ORG Partners LLC bought a new position in shares of CyberArk Software in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of CyberArk Software in the second quarter worth approximately $39,000. Finally, Arcadia Investment Management Corp MI grew its position in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the period. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent research reports. Wedbush increased their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Jefferies Financial Group boosted their price target on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. DA Davidson raised their price objective on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Robert W. Baird boosted their price objective on CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $305.04.

CyberArk Software Stock Down 0.2 %

CyberArk Software stock opened at $299.50 on Wednesday. The company’s 50-day moving average price is $281.37 and its 200-day moving average price is $261.68. The company has a market cap of $12.66 billion, a PE ratio of -467.97 and a beta of 1.12. CyberArk Software Ltd. has a twelve month low of $154.76 and a twelve month high of $308.63.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. The company had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.58) earnings per share. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

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.