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

Tocqueville Asset Management L.P. grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,520 shares of the technology company’s stock after purchasing an additional 1,540 shares during the period. Tocqueville Asset Management L.P. owned about 0.05% of CyberArk Software worth $7,503,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Signaturefd LLC raised its holdings in shares of CyberArk Software by 6.1% in the fourth quarter. Signaturefd LLC now owns 1,279 shares of the technology company’s stock valued at $426,000 after purchasing an additional 73 shares during the last quarter. Glenview Trust co acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $226,000. Corient Private Wealth LLC raised its holdings in shares of CyberArk Software by 16.9% in the fourth quarter. Corient Private Wealth LLC now owns 7,194 shares of the technology company’s stock valued at $2,397,000 after purchasing an additional 1,039 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of CyberArk Software by 16.8% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company’s stock valued at $1,091,000 after purchasing an additional 471 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in shares of CyberArk Software by 6.1% in the fourth quarter. Natixis Advisors LLC now owns 64,912 shares of the technology company’s stock valued at $21,625,000 after purchasing an additional 3,759 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CYBR. Rosenblatt Securities reiterated a “buy” rating and issued a $445.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. DA Davidson reissued a “buy” rating and issued a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Wells Fargo & Company raised their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Royal Bank of Canada raised their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Finally, Guggenheim reissued a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $344.87 on Wednesday. The firm has a 50-day moving average of $363.88 and a 200-day moving average of $322.32. The stock has a market cap of $17.05 billion, a PE 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.

CyberArk Software (NASDAQ:CYBR) last announced its 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.