Legal & General Group Plc Decreases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Legal & General Group Plc trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 585,694 shares of the technology company’s stock after selling 92,536 shares during the period. Legal & General Group Plc owned 1.34% of CyberArk Software worth $195,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CyberArk Software in the 3rd quarter valued at about $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CyberArk Software in the 4th quarter valued at about $764,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of CyberArk Software in the 4th quarter valued at about $1,166,000. Finally, Spire Wealth Management lifted its holdings in shares of CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock valued at $1,584,000 after purchasing an additional 3,344 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

CyberArk Software stock opened at $350.19 on Thursday. The stock has a fifty day moving average of $357.61 and a two-hundred day moving average of $329.82. The company has a market capitalization of $17.31 billion, a price-to-earnings ratio of -179.58 and a beta of 1.00. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

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

Analyst Upgrades and Downgrades

Several analysts have commented on CYBR shares. Barclays upped their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. 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. DA Davidson reaffirmed a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company upped their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $418.04.

CyberArk Software Company 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.