CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.1% during the 1st quarter, HoldingsChannel.com reports. The fund owned 8,968 shares of the technology company’s stock after selling 900 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in CyberArk Software were worth $2,382,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Montag A & Associates Inc. purchased a new stake in CyberArk Software in the first quarter valued at approximately $27,000. Blue Bell Private Wealth Management LLC acquired a new position in CyberArk Software during the 1st quarter worth about $34,000. Arcadia Investment Management Corp MI purchased a new position in CyberArk Software during the 1st quarter valued at about $34,000. FinTrust Capital Advisors LLC acquired a new position in CyberArk Software in the 4th quarter valued at about $34,000. Finally, Central Bank & Trust Co. purchased a new stake in CyberArk Software during the first quarter worth about $53,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR opened at $258.45 on Tuesday. CyberArk Software Ltd. has a 1-year low of $142.92 and a 1-year high of $284.10. The stock has a market cap of $10.92 billion, a PE ratio of -403.83 and a beta of 1.14. The firm has a fifty day moving average price of $255.74 and a 200 day moving average price of $251.40.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. As a group, equities analysts expect that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CYBR. Canaccord Genuity Group dropped their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Monday, July 22nd. Wedbush reaffirmed an “outperform” rating and set a $285.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. DA Davidson lifted their target price on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, Barclays upped their price target on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $280.63.

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.