Allianz SE Purchases Shares of 2,200 CyberArk Software Ltd. (NASDAQ:CYBR)

Allianz SE acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,200 shares of the technology company’s stock, valued at approximately $703,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the 4th quarter worth $25,000. TD Private Client Wealth LLC lifted its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software during the fourth quarter worth about $39,000. Graney & King LLC bought a new position in shares of CyberArk Software in the 4th quarter worth $43,000. Finally, Montag A & Associates Inc. lifted its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. Royal Bank of Canada boosted their price target on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus raised their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. 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. Finally, Mizuho increased their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $335.74 on Monday. The stock has a 50 day moving average of $364.16 and a 200 day moving average of $326.66. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a market capitalization of $16.59 billion, a price-to-earnings ratio of -172.17 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current 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.