Legal & General Group Plc bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the first quarter, Holdings Channel reports. The institutional investor bought 4,913 shares of the technology company’s stock, valued at approximately $250,000.
A number of other large investors have also recently made changes to their positions in CYBR. SG Americas Securities LLC bought a new stake in CyberArk Software during the first quarter valued at approximately $102,000. Eastern Bank bought a new stake in CyberArk Software during the first quarter valued at approximately $203,000. Mark Sheptoff Financial Planning LLC increased its stake in CyberArk Software by 31.9% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 4,551 shares of the technology company’s stock valued at $231,000 after buying an additional 1,101 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in CyberArk Software during the first quarter valued at approximately $259,000. Finally, DUPONT CAPITAL MANAGEMENT Corp increased its stake in CyberArk Software by 61.9% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 6,539 shares of the technology company’s stock valued at $333,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.
Shares of CyberArk Software Ltd. (NASDAQ CYBR) opened at 40.65 on Thursday. The stock’s 50 day moving average is $45.43 and its 200-day moving average is $49.56. The stock has a market cap of $1.20 billion, a PE ratio of 52.18 and a beta of 2.57. CyberArk Software Ltd. has a 1-year low of $39.57 and a 1-year high of $59.28.
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Several research analysts recently issued reports on the stock. Summit Redstone cut shares of CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 target price for the company. in a report on Friday, May 12th. Stifel Nicolaus reissued a “buy” rating and set a $55.00 target price (down previously from $62.00) on shares of CyberArk Software in a report on Friday, July 14th. Imperial Capital cut shares of CyberArk Software from an “outperform” rating to an “in-line” rating and reduced their target price for the stock from $63.00 to $55.00 in a report on Friday, May 12th. Piper Jaffray Companies reissued an “overweight” rating and set a $51.00 target price (down previously from $61.00) on shares of CyberArk Software in a report on Friday, July 14th. Finally, Evercore ISI reissued an “in-line” rating and set a $60.00 target price on shares of CyberArk Software in a report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $51.17.
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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