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New York State Common Retirement Fund Sells 24,912 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

CyberArk Software logo with Computer and Technology background

New York State Common Retirement Fund lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 63.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,286 shares of the technology company's stock after selling 24,912 shares during the period. New York State Common Retirement Fund's holdings in CyberArk Software were worth $4,829,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CYBR. Thoma Bravo L.P. purchased a new position in shares of CyberArk Software during the 4th quarter worth $380,637,000. First Trust Advisors LP boosted its stake in shares of CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after acquiring an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after acquiring an additional 68,359 shares during the last quarter. Norges Bank purchased a new position in shares of CyberArk Software during the 4th quarter worth $203,375,000. Finally, Driehaus Capital Management LLC boosted its stake in shares of CyberArk Software by 31.5% during the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after acquiring an additional 114,622 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded up $3.38 during mid-day trading on Friday, reaching $378.72. The company had a trading volume of 287,692 shares, compared to its average volume of 660,432. The stock has a fifty day moving average of $386.70 and a two-hundred day moving average of $365.48. The company has a market capitalization of $18.72 billion, a price-to-earnings ratio of -203.61 and a beta of 1.00. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same quarter last year, the firm earned $0.75 earnings per share. The company's revenue for the quarter was up 43.3% on a year-over-year basis. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CYBR shares. DA Davidson lifted their target price on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird lifted their target price on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Truist Financial lowered their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $420.00 target price on shares of CyberArk Software in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.75.

Read Our Latest Stock Analysis on CYBR

CyberArk Software Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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