Zions Bancorporation N.A. Has $3.06 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Zions Bancorporation N.A. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,478 shares of the technology company’s stock after purchasing an additional 1,551 shares during the period. Zions Bancorporation N.A.’s holdings in CyberArk Software were worth $3,055,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CYBR. Russell Investments Group Ltd. boosted its position in CyberArk Software by 58.3% in the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after buying an additional 12,242 shares during the last quarter. Quadrature Capital Ltd bought a new stake in CyberArk Software during the 1st quarter worth about $2,741,000. Price T Rowe Associates Inc. MD raised its holdings in CyberArk Software by 715.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after purchasing an additional 49,360 shares during the last quarter. Ensign Peak Advisors Inc bought a new position in shares of CyberArk Software in the 2nd quarter valued at about $711,000. Finally, 1832 Asset Management L.P. boosted its stake in shares of CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 3.0 %

CYBR opened at $291.61 on Thursday. The stock’s fifty day simple moving average is $283.33 and its 200 day simple moving average is $266.24. CyberArk Software Ltd. has a 1-year low of $183.28 and a 1-year high of $318.16. The stock has a market cap of $12.71 billion, a PE ratio of -911.28 and a beta of 1.13.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CYBR shares. JMP Securities raised their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research note on Thursday. KeyCorp raised their target price on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird upped their price target on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Wedbush lifted their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group increased their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $316.19.

About CyberArk Software

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.