CyberArk Software Ltd. $CYBR Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 41.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,651 shares of the technology company’s stock after selling 6,131 shares during the period. Public Employees Retirement System of Ohio’s holdings in CyberArk Software were worth $3,520,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake 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 acquiring an additional 80 shares in the last quarter. Golden State Wealth Management LLC increased its holdings 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 purchasing an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock worth $627,000 after purchasing an additional 280 shares during the period. Blue Trust Inc. increased its holdings in CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock worth $371,000 after purchasing an additional 61 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock worth $755,000 after purchasing an additional 187 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wedbush restated a “neutral” rating and set a $450.00 price target on shares of CyberArk Software in a report on Thursday, July 31st. DA Davidson upped their price target on CyberArk Software from $465.00 to $518.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. William Blair downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Robert W. Baird restated a “neutral” rating and set a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. Finally, Stephens downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Twelve equities research analysts have rated the stock with a Buy rating and nineteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Hold” and a consensus price target of $439.00.

CyberArk Software Trading Down 0.1%

CYBR opened at $483.15 on Wednesday. CyberArk Software Ltd. has a one year low of $269.00 and a one year high of $493.85. The company has a market cap of $24.39 billion, a P/E ratio of -143.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The business’s 50-day simple moving average is $442.58 and its 200-day simple moving average is $392.30.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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.