Public Employees Retirement System of Ohio Invests $8.61 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 29,534 shares of the technology company's stock, valued at approximately $8,612,000. Public Employees Retirement System of Ohio owned about 0.07% of CyberArk Software as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Greenleaf Trust increased its position in shares of 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 purchasing an additional 45 shares in the last quarter. Signaturefd LLC grew its position in CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock worth $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC raised its holdings 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 buying an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after buying an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC increased its position in CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock valued at $825,000 after acquiring an additional 57 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 2.5 %

NASDAQ:CYBR traded down $8.18 during mid-day trading on Friday, hitting $313.36. The company had a trading volume of 385,808 shares, compared to its average volume of 517,724. CyberArk Software Ltd. has a 1 year low of $198.01 and a 1 year high of $333.32. The business has a fifty day simple moving average of $302.18 and a 200-day simple moving average of $277.92. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same quarter in the prior year, the business earned ($0.31) EPS. CyberArk Software's quarterly revenue was up 25.6% compared to the same quarter last year. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CYBR. Oppenheimer increased their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. KeyCorp upped their price objective on CyberArk Software from $340.00 to $355.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Royal Bank of Canada boosted their target price on shares of CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price target on shares of CyberArk Software from $310.00 to $330.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Robert W. Baird boosted their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $333.00.

CyberArk Software Company 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.