Legal & General Group Plc Buys 41,340 Shares of CyberArk Software Ltd. $CYBR

Legal & General Group Plc boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 614,313 shares of the technology company’s stock after buying an additional 41,340 shares during the quarter. Legal & General Group Plc owned approximately 1.22% of CyberArk Software worth $296,805,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CYBR. Sheets Smith Wealth Management boosted its holdings in CyberArk Software by 0.7% during the 3rd quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after acquiring an additional 23 shares during the last quarter. Portside Wealth Group LLC raised its holdings in shares of CyberArk Software by 1.1% in the third quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock valued at $989,000 after purchasing an additional 23 shares during the last quarter. Signal Advisors Wealth LLC raised its holdings in shares of CyberArk Software by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after purchasing an additional 24 shares during the last quarter. Level Four Advisory Services LLC lifted its position in shares of CyberArk Software by 0.6% during the third quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 25 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in shares of CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after purchasing an additional 29 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent analyst reports. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Barclays dropped their target price on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 5th. Mizuho cut their target price on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating on the stock in a research note on Thursday, February 5th. JPMorgan Chase & Co. decreased their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Finally, Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $459.95.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $408.85 on Thursday. The company has a market capitalization of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company has a 50-day simple moving average of $425.65 and a 200 day simple moving average of $458.94.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, February 4th. The technology company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm had revenue of $372.65 million for the quarter, compared to analysts’ expectations of $377.22 million. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.