CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Strs Ohio

Strs Ohio lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 95.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,100 shares of the technology company’s stock after purchasing an additional 14,700 shares during the quarter. Strs Ohio owned about 0.07% of CyberArk Software worth $6,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CYBR. 1832 Asset Management L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $33,000. Assetmark Inc. increased its holdings in shares of CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares during the last quarter. UniSuper Management Pty Ltd acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $47,000. Ronald Blue Trust Inc. increased its holdings in shares of CyberArk Software by 250.4% in the third quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock valued at $73,000 after purchasing an additional 333 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of CyberArk Software in the first quarter valued at approximately $73,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.7 %

NASDAQ:CYBR opened at $235.98 on Thursday. The firm has a market cap of $9.97 billion, a PE ratio of -145.67 and a beta of 1.05. The stock has a fifty day moving average price of $259.79 and a 200 day moving average price of $220.03. CyberArk Software Ltd. has a 12-month low of $120.11 and a 12-month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. Equities analysts forecast that CyberArk Software Ltd. will post -1.46 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on CYBR shares. Mizuho increased their price target on CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 9th. Oppenheimer raised their target price on CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a research note on Monday, January 8th. Wells Fargo & Company raised their target price on CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Morgan Stanley cut CyberArk Software from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $195.00 to $240.00 in a research note on Tuesday, January 9th. Finally, Bank of America raised their target price on CyberArk Software from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $258.54.

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.