Northern Trust Corp Has $73.28 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Northern Trust Corp boosted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 63.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 219,964 shares of the technology company's stock after buying an additional 85,062 shares during the quarter. Northern Trust Corp owned 0.50% of CyberArk Software worth $73,281,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software during the fourth quarter worth $25,000. TD Private Client Wealth LLC raised its stake in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in CyberArk Software in the 4th quarter valued at about $39,000. Graney & King LLC purchased a new position in CyberArk Software during the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. raised its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after acquiring an additional 42 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 1.5 %

NASDAQ:CYBR traded down $5.42 on Friday, reaching $359.04. The stock had a trading volume of 661,033 shares, compared to its average volume of 528,355. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The stock has a market cap of $17.75 billion, a P/E ratio of -184.12 and a beta of 0.99. The company has a 50-day moving average of $340.76 and a 200 day moving average of $337.69.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on CYBR. StockNews.com cut CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Oppenheimer upped their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Cantor Fitzgerald reiterated an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a report on Thursday, April 24th. Finally, JMP Securities upped their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, CyberArk Software has an average rating of "Buy" and an average price target of $415.18.

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.