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

California Public Employees Retirement System lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 186,261 shares of the technology company’s stock after buying an additional 6,200 shares during the period. California Public Employees Retirement System owned approximately 0.43% of CyberArk Software worth $62,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CYBR. Allianz SE purchased a new position in CyberArk Software in the fourth quarter worth about $703,000. DnB Asset Management AS raised its position in CyberArk Software by 1.5% in the fourth quarter. DnB Asset Management AS now owns 6,538 shares of the technology company’s stock worth $2,178,000 after acquiring an additional 97 shares during the period. Level Four Advisory Services LLC raised its position in CyberArk Software by 9.2% in the fourth quarter. Level Four Advisory Services LLC now owns 5,916 shares of the technology company’s stock worth $1,971,000 after acquiring an additional 497 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of CyberArk Software by 1.2% during the 4th quarter. Orion Portfolio Solutions LLC now owns 9,553 shares of the technology company’s stock worth $3,183,000 after acquiring an additional 114 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after acquiring an additional 68,359 shares during the period. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CYBR. Piper Sandler boosted their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Barclays boosted their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Mizuho lifted their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Truist Financial reduced their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Monday. Finally, Stephens began coverage on shares of CyberArk Software in a report on Tuesday. They issued an “overweight” rating and a $440.00 target price for the company. Two research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $418.04.

CyberArk Software Trading Up 3.0 %

Shares of CYBR opened at $348.26 on Wednesday. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The company’s fifty day simple moving average is $363.73 and its 200-day simple moving average is $327.66. The company has a market cap of $17.21 billion, a P/E ratio of -178.59 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.