Teacher Retirement System of Texas Purchases 74,700 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Teacher Retirement System of Texas increased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 648.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 86,218 shares of the technology company's stock after buying an additional 74,700 shares during the period. Teacher Retirement System of Texas owned 0.17% of CyberArk Software worth $29,142,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CYBR. Moody Lynn & Lieberson LLC grew its holdings in CyberArk Software by 14.1% during the first quarter. Moody Lynn & Lieberson LLC now owns 1,066 shares of the technology company's stock valued at $360,000 after purchasing an additional 132 shares during the last quarter. FSM Wealth Advisors LLC acquired a new position in CyberArk Software during the first quarter valued at approximately $201,000. KBC Group NV grew its holdings in CyberArk Software by 40.4% during the first quarter. KBC Group NV now owns 65,506 shares of the technology company's stock valued at $22,141,000 after purchasing an additional 18,847 shares during the last quarter. K.J. Harrison & Partners Inc acquired a new position in CyberArk Software during the first quarter valued at approximately $676,000. Finally, Jag Capital Management LLC acquired a new position in CyberArk Software during the first quarter valued at approximately $4,639,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Truist Financial lowered their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Royal Bank Of Canada restated an "outperform" rating and issued a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Roth Capital initiated coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective on the stock. KeyCorp lowered their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, DA Davidson raised their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Two investment 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. According to data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR traded up $10.77 during midday trading on Friday, reaching $398.69. The company's stock had a trading volume of 503,268 shares, compared to its average volume of 562,456. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The company has a market capitalization of $19.71 billion, a P/E ratio of -214.35 and a beta of 1.00. The business's fifty day simple moving average is $379.03 and its 200-day simple moving average is $359.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the business earned $0.75 EPS. The business's revenue for the quarter was up 43.3% compared to the same quarter last year. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software 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.