TCW Group Inc. Lowers Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

TCW Group Inc. lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,989 shares of the technology company’s stock after selling 566 shares during the quarter. TCW Group Inc. owned 0.30% of CyberArk Software worth $37,906,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. TT International Asset Management LTD purchased a new stake in shares of CyberArk Software in the 3rd quarter valued at approximately $3,224,000. Coldstream Capital Management Inc. increased its holdings in CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares during the last quarter. Geode Capital Management LLC raised its position in CyberArk Software by 4.1% in the third quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock valued at $108,020,000 after purchasing an additional 14,724 shares during the period. Continuum Advisory LLC lifted its stake in CyberArk Software by 33.2% during the third quarter. Continuum Advisory LLC now owns 7,823 shares of the technology company’s stock worth $2,357,000 after purchasing an additional 1,950 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of CyberArk Software during the third quarter worth $8,612,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $312.13 on Wednesday. The company has a market capitalization of $13.60 billion, a P/E ratio of 1,156.08 and a beta of 1.13. CyberArk Software Ltd. has a fifty-two week low of $198.01 and a fifty-two week high of $333.32. The stock has a 50-day simple moving average of $300.33 and a 200-day simple moving average of $277.29.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) earnings per share. As a group, analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on CYBR. Royal Bank of Canada boosted their price objective on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Barclays lifted their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group increased their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Finally, UBS Group increased their price objective on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software 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.