California Public Employees Retirement System lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,285 shares of the technology company's stock after selling 3,366 shares during the period. California Public Employees Retirement System owned about 0.17% of CyberArk Software worth $15,615,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Jennison Associates LLC lifted its stake in CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company's stock valued at $230,871,000 after purchasing an additional 472,961 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of CyberArk Software by 226.3% during the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company's stock valued at $48,434,000 after buying an additional 205,224 shares during the last quarter. Polar Capital Holdings Plc grew its stake in shares of CyberArk Software by 15.4% during the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company's stock worth $97,412,000 after acquiring an additional 79,506 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in CyberArk Software by 36.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 270,313 shares of the technology company's stock worth $44,269,000 after acquiring an additional 72,883 shares during the last quarter. Finally, Lisanti Capital Growth LLC raised its stake in CyberArk Software by 539.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 60,725 shares of the technology company's stock valued at $9,945,000 after acquiring an additional 51,230 shares during the period. Institutional investors own 91.84% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Rosenblatt Securities upped their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Mizuho lifted their price target on CyberArk Software from $250.00 to $310.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Oppenheimer increased their price objective on CyberArk Software from $195.00 to $260.00 and gave the stock an "outperform" rating in a report on Monday, January 8th. Citigroup raised their target price on CyberArk Software from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Finally, KeyCorp upped their price target on CyberArk Software from $274.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average target price of $258.54.
Get Our Latest Report on CyberArk Software
CyberArk Software Price Performance
NASDAQ CYBR traded down $4.32 on Tuesday, reaching $239.25. 543,817 shares of the company's stock traded hands, compared to its average volume of 571,752. The stock has a market cap of $10.11 billion, a PE ratio of -147.54 and a beta of 1.05. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The stock has a 50-day simple moving average of $255.69 and a 200 day simple moving average of $224.77.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The company had revenue of $223.10 million for the quarter, compared to analysts' expectations of $209.65 million. As a group, analysts anticipate that CyberArk Software Ltd. will post -1.46 EPS for the current year.
CyberArk Software Profile
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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.
Further Reading
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