California State Teachers Retirement System Sells 763 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

California State Teachers Retirement System decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 29,389 shares of the technology company's stock after selling 763 shares during the period. California State Teachers Retirement System owned approximately 0.06% of CyberArk Software worth $9,791,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. TD Private Client Wealth LLC raised its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new stake in CyberArk Software during the fourth quarter valued at $39,000. Graney & King LLC bought a new position in shares of CyberArk Software during the fourth quarter worth about $43,000. Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after acquiring an additional 42 shares during the last quarter. Finally, Coppell Advisory Solutions LLC lifted its holdings in CyberArk Software by 325.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock worth $48,000 after purchasing an additional 114 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Citigroup upped their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. JMP Securities upped their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Finally, Guggenheim reissued a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $415.71.

CyberArk Software Price Performance

NASDAQ:CYBR traded up $4.92 during mid-day trading on Wednesday, reaching $398.99. The stock had a trading volume of 259,953 shares, compared to its average volume of 548,827. The stock has a market cap of $19.72 billion, a P/E ratio of -204.61 and a beta of 0.99. The business's 50 day moving average is $350.53 and its 200 day moving average is $347.99. CyberArk Software Ltd. has a fifty-two week low of $228.10 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. CyberArk Software's quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company 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.