Public Sector Pension Investment Board Has $6.50 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Public Sector Pension Investment Board lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 25.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 22,294 shares of the technology company's stock after purchasing an additional 4,500 shares during the period. Public Sector Pension Investment Board owned 0.05% of CyberArk Software worth $6,501,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in CyberArk Software by 715.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company's stock worth $14,946,000 after purchasing an additional 49,360 shares during the last quarter. Ensign Peak Advisors Inc bought a new stake in shares of CyberArk Software during the second quarter worth $711,000. Sycomore Asset Management lifted its stake in shares of CyberArk Software by 36.6% during the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock valued at $15,973,000 after acquiring an additional 16,294 shares during the period. California State Teachers Retirement System boosted its holdings in CyberArk Software by 11.1% in the first quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company's stock valued at $10,061,000 after acquiring an additional 3,782 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in CyberArk Software by 527.2% in the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company's stock worth $3,042,000 after purchasing an additional 9,626 shares during the period. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CYBR traded up $4.73 during mid-day trading on Friday, hitting $323.51. 206,705 shares of the company's stock were exchanged, compared to its average volume of 529,070. CyberArk Software Ltd. has a 52 week low of $193.91 and a 52 week high of $332.05. The company has a market cap of $14.10 billion, a PE ratio of 1,198.23 and a beta of 1.13. The company has a 50-day simple moving average of $295.12 and a 200 day simple moving average of $273.26.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the firm earned ($0.31) earnings per share. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CYBR shares. Royal Bank of Canada raised their target price on shares of CyberArk Software from $328.00 to $358.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. Jefferies Financial Group raised their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. Truist Financial reissued a "buy" rating and issued a $350.00 price target (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Finally, Wells Fargo & Company lifted their price objective on CyberArk Software from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $328.37.

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.