State of New Jersey Common Pension Fund D Sells 2,835 Shares of CyberArk Software Ltd. $CYBR

State of New Jersey Common Pension Fund D reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 11.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,804 shares of the technology company’s stock after selling 2,835 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CyberArk Software were worth $10,535,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CYBR. First Trust Advisors LP raised its stake in shares of CyberArk Software by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 1,129,845 shares of the technology company’s stock valued at $459,711,000 after buying an additional 94,318 shares in the last quarter. Norges Bank bought a new stake in CyberArk Software in the second quarter valued at about $444,613,000. State Street Corp raised its position in CyberArk Software by 1.3% in the second quarter. State Street Corp now owns 817,272 shares of the technology company’s stock worth $332,532,000 after purchasing an additional 10,676 shares in the last quarter. Bank of America Corp DE raised its position in CyberArk Software by 7.4% in the second quarter. Bank of America Corp DE now owns 508,746 shares of the technology company’s stock worth $206,998,000 after purchasing an additional 34,850 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in CyberArk Software by 2.9% during the second quarter. Geode Capital Management LLC now owns 436,339 shares of the technology company’s stock worth $176,402,000 after purchasing an additional 12,324 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.1%

CYBR opened at $408.85 on Wednesday. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19. The stock has a market capitalization of $20.64 billion, a PE ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $439.83 and a two-hundred day moving average price of $460.32.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.15 by $0.18. The business had revenue of $372.65 million for the quarter, compared to analysts’ expectations of $377.22 million. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. CyberArk Software’s revenue was up 18.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. DA Davidson upped their price target on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Barclays lowered their target price on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating on the stock in a report on Thursday, February 5th. Finally, Mizuho cut their price target on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $459.95.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.