Zions Bancorporation N.A. Purchases 1,551 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Zions Bancorporation N.A. increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 17.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 10,478 shares of the technology company’s stock after purchasing an additional 1,551 shares during the quarter. Zions Bancorporation N.A.’s holdings in CyberArk Software were worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its position in shares of CyberArk Software by 28.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,695 shares of the technology company’s stock worth $450,000 after buying an additional 371 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 purchasing an additional 12,242 shares in the last quarter. US Bancorp DE grew its holdings in shares of CyberArk Software by 3.6% during the 1st quarter. US Bancorp DE now owns 10,220 shares of the technology company’s stock valued at $2,715,000 after purchasing an additional 353 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in CyberArk Software by 17.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,573 shares of the technology company’s stock valued at $5,996,000 after purchasing an additional 3,349 shares during the last quarter. Finally, Blair William & Co. IL grew its stake in shares of CyberArk Software by 15.2% during the first quarter. Blair William & Co. IL now owns 14,515 shares of the technology company’s stock worth $3,856,000 after buying an additional 1,919 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $291.61 on Thursday. The company has a market cap of $12.71 billion, a P/E ratio of -911.28 and a beta of 1.13. CyberArk Software Ltd. has a 1 year low of $183.28 and a 1 year high of $318.16. The stock’s fifty day moving average price is $283.33 and its two-hundred day moving average price is $266.24.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Tuesday, August 6th. Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Piper Sandler boosted their target price on shares of CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday. Scotiabank started coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. Finally, KeyCorp raised their price objective on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.