Commonwealth of Pennsylvania Public School Empls Retrmt SYS Lowers Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 29.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 18,095 shares of the technology company’s stock after selling 7,429 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in CyberArk Software were worth $6,028,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the 4th quarter valued at $25,000. Plato Investment Management Ltd purchased a new position in CyberArk Software in the 4th quarter valued at $39,000. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in CyberArk Software in the 4th quarter valued at $50,000. Finally, Steward Partners Investment Advisory LLC grew its position in CyberArk Software by 54.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company’s stock valued at $66,000 after buying an additional 70 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 1.4 %

Shares of CYBR stock opened at $351.76 on Friday. The firm has a 50-day moving average price of $364.16 and a 200 day moving average price of $323.42. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The company has a market capitalization of $17.39 billion, a price-to-earnings ratio of -180.39 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CYBR shares. Oppenheimer lifted their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. KeyCorp lifted their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JMP Securities boosted their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Morgan Stanley began coverage on shares of CyberArk Software in a research report on Tuesday, March 18th. They set an “equal weight” rating on the stock. Finally, Rosenblatt Securities restated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $418.15.

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.