State of New Jersey Common Pension Fund D Sells 4,817 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

State of New Jersey Common Pension Fund D trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,701 shares of the technology company's stock after selling 4,817 shares during the period. State of New Jersey Common Pension Fund D owned about 0.07% of CyberArk Software worth $10,228,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. increased its position in CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after buying an additional 42 shares during the last quarter. Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the last quarter. Greenleaf Trust increased its position in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC grew its position in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock valued at $352,000 after purchasing an additional 49 shares during the last quarter. Finally, Austin Private Wealth LLC grew its position in shares of CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock valued at $238,000 after purchasing an additional 52 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 4.4 %

CYBR stock traded down $17.68 during midday trading on Friday, reaching $383.29. The stock had a trading volume of 672,280 shares, compared to its average volume of 607,966. The business has a fifty day simple moving average of $355.03 and a two-hundred day simple moving average of $312.10. The firm has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

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

Analysts Set New Price Targets

CYBR has been the topic of several research analyst reports. Susquehanna raised their price target on CyberArk Software from $320.00 to $345.00 and gave the company a "positive" rating in a research report on Thursday, November 14th. Needham & Company LLC lifted their target price on CyberArk Software from $360.00 to $410.00 and gave the stock a "buy" rating in a research report on Thursday, January 9th. Royal Bank of Canada lifted their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. KeyCorp lifted their target price on CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $401.67.

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.