CyberArk Software Ltd. (NASDAQ:CYBR) Position Reduced by California Public Employees Retirement System

California Public Employees Retirement System reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 71,285 shares of the technology company’s stock after selling 3,366 shares during the quarter. California Public Employees Retirement System’s holdings in CyberArk Software were worth $15,615,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Jennison Associates LLC boosted its stake in CyberArk Software by 81.4% during the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after buying an additional 472,961 shares in the last quarter. Polar Capital Holdings Plc boosted its position 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 valued at $97,412,000 after purchasing an additional 79,506 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of CyberArk Software by 2.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after purchasing an additional 11,387 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of CyberArk Software by 9.5% in the 3rd quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company’s stock worth $59,756,000 after purchasing an additional 31,660 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in CyberArk Software by 226.3% during the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock valued at $48,434,000 after purchasing an additional 205,224 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CYBR. Citigroup upped their price target on CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Mizuho increased 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. Morgan Stanley downgraded CyberArk Software from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $195.00 to $240.00 in a report on Tuesday, January 9th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Trading Up 0.4 %

Shares of NASDAQ:CYBR opened at $243.57 on Tuesday. The stock has a market capitalization of $10.29 billion, a PE ratio of -150.35 and a beta of 1.05. CyberArk Software Ltd. has a 1 year low of $120.11 and a 1 year high of $283.00. The firm has a fifty day moving average price of $255.69 and a 200 day moving average price of $224.77.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -1.46 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.