New York State Common Retirement Fund Cuts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

New York State Common Retirement Fund trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,198 shares of the technology company’s stock after selling 492 shares during the period. New York State Common Retirement Fund owned approximately 0.09% of CyberArk Software worth $13,059,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its stake in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after acquiring an additional 42 shares during the period. Montag A & Associates Inc. lifted its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the period. Signaturefd LLC raised its stake in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after buying an additional 49 shares in the last quarter. Austin Private Wealth LLC lifted its holdings in shares of CyberArk Software by 6.8% in the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after buying an additional 52 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of CyberArk Software by 6.9% in the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after buying an additional 52 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR opened at $383.29 on Monday. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The business has a 50-day moving average of $356.42 and a two-hundred day moving average of $314.07. The stock has a market capitalization of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CYBR. Needham & Company LLC upped their price target on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. UBS Group upped their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Stifel Nicolaus lifted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Susquehanna upped their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, Barclays lifted their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $401.67.

CyberArk Software Company 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.