State of Tennessee Department of Treasury Has $8.02 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

State of Tennessee Department of Treasury lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,061 shares of the technology company's stock after selling 7,210 shares during the quarter. State of Tennessee Department of Treasury owned approximately 0.06% of CyberArk Software worth $8,016,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new position in CyberArk Software during the 4th quarter worth approximately $203,375,000. Nepsis Inc. raised its holdings in 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 purchasing an additional 505,088 shares during the period. Jennison Associates LLC boosted its position in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after buying an additional 336,462 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of CyberArk Software by 144.8% in the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after buying an additional 145,221 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Down 0.9 %

Shares of CyberArk Software stock traded down $3.15 on Wednesday, hitting $349.53. The stock had a trading volume of 61,869 shares, compared to its average volume of 534,588. The stock has a market cap of $17.28 billion, a price-to-earnings ratio of -179.24 and a beta of 1.00. The business's 50 day moving average is $341.72 and its two-hundred day moving average is $334.92. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on CYBR. Needham & Company LLC reissued a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. StockNews.com downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Stephens initiated coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $415.18.

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.