Zurcher Kantonalbank Zurich Cantonalbank Buys 3,579 Shares of Cyberark Software Ltd (CYBR)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cyberark Software Ltd (NASDAQ:CYBR) by 17.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,598 shares of the technology company’s stock after purchasing an additional 3,579 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.07% of Cyberark Software worth $1,018,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CYBR. Epoch Investment Partners Inc. grew its holdings in Cyberark Software by 38.4% during the third quarter. Epoch Investment Partners Inc. now owns 1,030,479 shares of the technology company’s stock worth $42,250,000 after acquiring an additional 285,841 shares during the period. American Capital Management Inc. grew its holdings in Cyberark Software by 8.6% during the fourth quarter. American Capital Management Inc. now owns 979,555 shares of the technology company’s stock worth $40,544,000 after acquiring an additional 77,330 shares during the period. Alyeska Investment Group L.P. acquired a new position in Cyberark Software during the third quarter worth $33,626,000. Peregrine Capital Management LLC grew its holdings in Cyberark Software by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 410,153 shares of the technology company’s stock worth $16,976,000 after acquiring an additional 2,400 shares during the period. Finally, Senvest Management LLC grew its holdings in Cyberark Software by 87.3% during the third quarter. Senvest Management LLC now owns 401,739 shares of the technology company’s stock worth $16,471,000 after acquiring an additional 187,239 shares during the period. 76.63% of the stock is currently owned by institutional investors and hedge funds.

Shares of Cyberark Software Ltd (NASDAQ:CYBR) opened at $45.35 on Thursday. The firm has a market capitalization of $1,580.00, a price-to-earnings ratio of 71.98, a price-to-earnings-growth ratio of 3.05 and a beta of 2.45. Cyberark Software Ltd has a twelve month low of $39.34 and a twelve month high of $55.63.

A number of research analysts recently weighed in on the company. BidaskClub lowered Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. UBS Group dropped their price objective on Cyberark Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and set a $50.00 price objective on shares of Cyberark Software in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $55.00 price objective on shares of Cyberark Software in a report on Friday, November 3rd. Finally, Zacks Investment Research raised Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Cyberark Software currently has an average rating of “Hold” and a consensus price target of $49.69.

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About Cyberark Software

CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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