California Public Employees Retirement System Increases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

California Public Employees Retirement System increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 186,261 shares of the technology company’s stock after acquiring an additional 6,200 shares during the quarter. California Public Employees Retirement System’s holdings in CyberArk Software were worth $62,053,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. HighTower Advisors LLC boosted its stake in shares of CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Groupama Asset Managment boosted its position in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CyberArk Software in the 3rd quarter valued at $8,612,000. CHURCHILL MANAGEMENT Corp bought a new position in shares of CyberArk Software in the 4th quarter worth $764,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in shares of CyberArk Software during the 4th quarter worth $1,166,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $348.26 on Wednesday. The company has a 50 day moving average price of $363.73 and a 200-day moving average price of $327.66. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a market cap of $17.21 billion, a price-to-earnings ratio of -178.59 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side 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 analysts have issued reports on the company. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Rosenblatt Securities reiterated a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Piper Sandler raised their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Mizuho upped their price target on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Guggenheim reissued a “buy” rating and issued a $455.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $418.04.

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.