Public Sector Pension Investment Board Has $7.91 Million Stake in CyberArk Software Ltd. $CYBR

Key Points

• The Public Sector Pension Investment Board increased its stake in CyberArk Software Ltd. by 18.2% in the first quarter, raising its holdings to 23,394 shares valued at approximately $7.9 million.
• CyberArk Software's stock is currently trading at $423.85, indicating a 2.2% increase during recent trading amid significant share volume.
• Analysts have mixed ratings on CyberArk Software, with 18 holding and 14 buying the stock, reflecting varied confidence levels within an average price target of $435.11.

Public Sector Pension Investment Board lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 18.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 23,394 shares of the technology company's stock after acquiring an additional 3,600 shares during the period. Public Sector Pension Investment Board's holdings in CyberArk Software were worth $7,907,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. Golden State Wealth Management LLC grew its position in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC increased its position in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares during the period. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares in the last quarter. Morse Asset Management Inc acquired a new position in CyberArk Software during the 1st quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of CyberArk Software by 340.0% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

CYBR stock traded up $15.0010 during mid-day trading on Tuesday, reaching $436.1010. 1,673,996 shares of the stock traded hands, compared to its average volume of 930,818. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average of $396.99 and a two-hundred day moving average of $372.08. The firm has a market capitalization of $21.56 billion, a PE ratio of -129.66 and a beta of 0.96. CyberArk Software Ltd. has a 52 week low of $254.43 and a 52 week high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same quarter in the prior year, the company earned $0.54 EPS. The firm's revenue for the quarter was up 46.0% compared to the same quarter last year. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CYBR shares. Rosenblatt Securities cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $445.00 price target on the stock. in a research report on Friday, August 1st. KeyCorp cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. William Blair lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Piper Sandler reaffirmed a "neutral" rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Finally, Stifel Nicolaus reissued a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of "Hold" and a consensus target price of $435.11.

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.