Tocqueville Asset Management L.P. Has $7.50 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Tocqueville Asset Management L.P. boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,520 shares of the technology company’s stock after purchasing an additional 1,540 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in CyberArk Software were worth $7,503,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software during the fourth quarter worth about $25,000. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Plato Investment Management Ltd acquired a new position in CyberArk Software during the fourth quarter worth about $39,000. Montag A & Associates Inc. raised its stake 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 in the last quarter. Finally, Brown Lisle Cummings Inc. acquired a new position in CyberArk Software during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $344.87 on Wednesday. The stock has a market capitalization of $17.05 billion, a price-to-earnings ratio of -176.86 and a beta of 1.06. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock’s 50 day moving average price is $363.88 and its two-hundred day moving average price is $322.32.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CYBR. Needham & Company LLC reissued a “buy” rating and set a $480.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. Oppenheimer boosted their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Royal Bank of Canada boosted their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Canaccord Genuity Group upped their price objective on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. upped their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

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.