Retirement Systems of Alabama Acquires Shares of 15,487 CyberArk Software Ltd. (NASDAQ:CYBR)

Retirement Systems of Alabama acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,487 shares of the technology company's stock, valued at approximately $5,235,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Thoma Bravo L.P. acquired a new stake in CyberArk Software during the 4th quarter valued at approximately $380,637,000. First Trust Advisors LP increased its position in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after purchasing an additional 20,832 shares during the period. Pictet Asset Management Holding SA increased its position in 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 valued at $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank acquired a new stake in CyberArk Software during the 4th quarter valued at approximately $203,375,000. Finally, Driehaus Capital Management LLC increased its position in CyberArk Software by 31.5% during the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after purchasing an additional 114,622 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 0.6%

Shares of CYBR traded up $2.31 during trading hours on Wednesday, reaching $399.44. The stock had a trading volume of 586,245 shares, compared to its average volume of 560,069. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The firm has a 50-day simple moving average of $368.25 and a 200 day simple moving average of $355.43. The company has a market capitalization of $19.74 billion, a price-to-earnings ratio of -214.75 and a beta of 0.99.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CYBR. Barclays reissued an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Needham & Company LLC reissued a "buy" rating and set a $480.00 target price on shares of CyberArk Software in a research report on Thursday, March 20th. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Citigroup increased their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $416.79.

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.