Legal & General Group Plc lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.6% in the fourth quarter, according to its most recent Form 13F 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 quarter. Legal & General Group Plc owned approximately 1.34% of CyberArk Software worth $195,124,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new position in CyberArk Software in the 4th quarter valued at $203,375,000. Nepsis Inc. lifted its stake in shares of CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after buying an additional 505,088 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after buying an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after acquiring an additional 336,462 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in CyberArk Software by 144.8% during the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after acquiring an additional 145,221 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on CYBR shares. Oppenheimer boosted their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Wells Fargo & Company boosted their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Stephens assumed coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price for the company. Stifel Nicolaus boosted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Friday. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $414.64.
Read Our Latest Analysis on CYBR
CyberArk Software Trading Down 2.1 %
Shares of NASDAQ CYBR traded down $7.26 during trading hours on Tuesday, reaching $336.09. The stock had a trading volume of 510,152 shares, compared to its average volume of 529,073. The firm has a 50-day moving average of $355.74 and a 200-day moving average of $331.41. The firm has a market cap of $16.61 billion, a price-to-earnings ratio of -172.35 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 - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.
About CyberArk Software
(
Free Report)
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.
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