Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 7,429 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 29.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Jennison Associates LLC raised its holdings in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after acquiring an additional 391,900 shares during the period. Groupama Asset Managment increased 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 worth $304,000 after buying an additional 5,402 shares during the period. Nepsis Inc. lifted its holdings in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after buying an additional 505,088 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in shares of CyberArk Software by 4.6% in the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company's stock valued at $186,682,000 after acquiring an additional 24,805 shares in the last quarter. Finally, Swedbank AB increased its position in CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company's stock worth $181,600,000 after acquiring an additional 87,201 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

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CyberArk Software Stock Performance

CyberArk Software stock traded down $7.21 during mid-day trading on Thursday, reaching $341.21. The company's stock had a trading volume of 264,593 shares, compared to its average volume of 494,027. The firm's fifty day moving average price is $364.78 and its two-hundred day moving average price is $325.14. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The company has a market capitalization of $16.86 billion, a P/E ratio of -174.98 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly 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%. On average, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on CYBR shares. StockNews.com lowered CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Robert W. Baird raised their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Barclays upped their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Oppenheimer boosted 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. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.