Allspring Global Investments Holdings LLC Has $38.04 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Allspring Global Investments Holdings LLC reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 173,649 shares of the technology company's stock after selling 96,664 shares during the period. Allspring Global Investments Holdings LLC owned 0.42% of CyberArk Software worth $38,038,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Assetmark Inc. raised its stake in CyberArk Software by 62.1% during the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company's stock valued at $41,000 after purchasing an additional 95 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in CyberArk Software during the 4th quarter valued at $33,000. UniSuper Management Pty Ltd acquired a new position in CyberArk Software during the 2nd quarter valued at $47,000. Covestor Ltd acquired a new position in CyberArk Software during the 1st quarter valued at $73,000. Finally, Ronald Blue Trust Inc. raised its stake in CyberArk Software by 250.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company's stock valued at $73,000 after purchasing an additional 333 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Trading Down 2.2 %

Shares of NASDAQ:CYBR traded down $5.47 during trading on Friday, hitting $248.43. 441,765 shares of the company's stock were exchanged, compared to its average volume of 341,407. CyberArk Software Ltd. has a 1-year low of $120.11 and a 1-year high of $283.00. The firm has a 50-day moving average price of $259.87 and a two-hundred day moving average price of $218.04. The firm has a market cap of $10.50 billion, a P/E ratio of -153.35 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The company had revenue of $223.10 million during the quarter, compared to analysts' expectations of $209.65 million. As a group, research analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on shares of CyberArk Software from $245.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 9th. UBS Group increased their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. KeyCorp increased their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, February 9th. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Thursday, February 29th. Finally, Jefferies Financial Group initiated coverage on shares of CyberArk Software in a report on Friday, December 15th. They issued a "buy" rating and a $240.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus price target of $258.54.

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.