Allianz Asset Management GmbH Has $17.59 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Allianz Asset Management GmbH lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 122.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 52,027 shares of the technology company's stock after buying an additional 28,688 shares during the period. Allianz Asset Management GmbH owned 0.11% of CyberArk Software worth $17,585,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC lifted its stake in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after buying an additional 34 shares during the period. Golden State Wealth Management LLC lifted its stake in shares of CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the period. Bessemer Group Inc. lifted its stake in shares of CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the period. Finally, Morse Asset Management Inc purchased a new position in CyberArk Software during the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

CYBR has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Roth Capital initiated coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price on the stock. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, July 22nd. Finally, Stephens initiated coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of "Moderate Buy" and an average target price of $418.75.

CyberArk Software Trading Down 0.2%

CYBR stock traded down $0.58 during midday trading on Monday, reaching $378.15. The company had a trading volume of 78,696 shares, compared to its average volume of 665,768. The company has a 50 day moving average of $386.70 and a two-hundred day moving average of $365.78. The company has a market capitalization of $18.69 billion, a P/E ratio of -203.15 and a beta of 1.00. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company's revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter last year, the business posted $0.75 EPS. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.