State of New Jersey Common Pension Fund D Reduces Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

State of New Jersey Common Pension Fund D cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 35,518 shares of the technology company’s stock after selling 1,371 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in CyberArk Software were worth $10,357,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CYBR. Montag A & Associates Inc. purchased a new position in shares of CyberArk Software during the first quarter valued at about $27,000. Mather Group LLC. bought a new stake in CyberArk Software during the second quarter worth about $27,000. ORG Partners LLC bought a new position in shares of CyberArk Software during the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $39,000. Finally, Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 0.5 %

CyberArk Software stock opened at $294.61 on Monday. CyberArk Software Ltd. has a twelve month low of $181.02 and a twelve month high of $308.63. The business has a fifty day moving average of $282.76 and a two-hundred day moving average of $265.34. The firm has a market cap of $12.84 billion, a P/E ratio of -920.66 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The business had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business earned ($0.58) EPS. Equities analysts expect that CyberArk Software Ltd. will post -1.05 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on CYBR. Robert W. Baird boosted their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Scotiabank initiated coverage on shares of CyberArk Software in a research note on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price for the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. Wedbush raised their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, Oppenheimer raised their target price on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $311.44.

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.