State of New Jersey Common Pension Fund D Has $9.04 Million Holdings in CyberArk Software Ltd. $CYBR

Key Points

• The State of New Jersey Common Pension Fund D has reduced its stake in CyberArk Software Ltd. by 12.9%, selling 3,948 shares and retaining a total of 26,753 shares worth approximately $9,043,000.
• CyberArk's recent quarterly earnings report revealed an EPS of $0.88, exceeding analyst expectations and reflecting a 46.0% increase in revenue year-over-year.
• Despite positive earnings, multiple analysts have adjusted their ratings, with Baird R W downgrading CyberArk from a "strong-buy" to a "hold" rating, while DA Davidson raised their target price to $518.00.

State of New Jersey Common Pension Fund D decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 12.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,753 shares of the technology company's stock after selling 3,948 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of CyberArk Software worth $9,043,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CYBR. Golden State Wealth Management LLC increased its position in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares during the period. Whipplewood Advisors LLC increased its position in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares during the period. Bessemer Group Inc. increased its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares during the period. Morse Asset Management Inc bought a new position in CyberArk Software during the 1st quarter worth $34,000. Finally, Whittier Trust Co. of Nevada Inc. increased its position in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after buying an additional 85 shares during the period. Institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on CYBR. KeyCorp cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a research report on Friday, August 1st. Stephens cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Roth Capital assumed coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Finally, Scotiabank reissued a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Fourteen analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $435.11.

CyberArk Software Price Performance

Shares of CYBR traded down $3.55 during trading hours on Thursday, hitting $435.12. 965,187 shares of the company were exchanged, compared to its average volume of 942,680. The company has a market cap of $21.51 billion, a price-to-earnings ratio of -129.12 and a beta of 0.96. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. 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 firm's fifty day moving average is $398.56 and its 200 day moving average is $372.95.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data 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. The business had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software's revenue was up 46.0% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.