Headlands Technologies LLC Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Headlands Technologies LLC decreased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 51.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 247 shares of the technology company’s stock after selling 264 shares during the quarter. Headlands Technologies LLC’s holdings in CyberArk Software were worth $54,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after buying an additional 472,961 shares in the last quarter. Acadian Asset Management LLC raised its holdings in CyberArk Software by 226.3% in the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after acquiring an additional 205,224 shares during the last quarter. Polar Capital Holdings Plc lifted its stake in CyberArk Software by 15.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after purchasing an additional 79,506 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of CyberArk Software by 36.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 270,313 shares of the technology company’s stock worth $44,269,000 after purchasing an additional 72,883 shares during the last quarter. Finally, Lisanti Capital Growth LLC grew its position in shares of CyberArk Software by 539.5% in the third quarter. Lisanti Capital Growth LLC now owns 60,725 shares of the technology company’s stock valued at $9,945,000 after purchasing an additional 51,230 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CYBR shares. Truist Financial increased their price target on CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. Mizuho raised their target price on CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. KeyCorp boosted their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. UBS Group upped their price objective on shares of CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Oppenheimer lifted their target price on shares of CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.96.

CyberArk Software Trading Down 0.9 %

Shares of NASDAQ CYBR opened at $237.16 on Thursday. The stock has a fifty day simple moving average of $255.34 and a 200-day simple moving average of $225.39. CyberArk Software Ltd. has a twelve month low of $120.11 and a twelve month high of $283.00. The stock has a market capitalization of $10.02 billion, a PE ratio of -146.39 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. On average, equities analysts predict that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

About CyberArk Software

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.