CyberArk Software Ltd. (NASDAQ:CYBR) Stock Position Raised by New York State Common Retirement Fund

New York State Common Retirement Fund raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 82.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,004 shares of the technology company’s stock after buying an additional 32,065 shares during the period. New York State Common Retirement Fund’s holdings in CyberArk Software were worth $11,628,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CYBR. 1832 Asset Management L.P. acquired a new stake in CyberArk Software during the fourth quarter valued at approximately $33,000. Desjardins Global Asset Management Inc. bought a new stake in CyberArk Software during the 2nd quarter worth about $34,000. Assetmark Inc. increased its position in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after buying an additional 95 shares during the last quarter. UniSuper Management Pty Ltd acquired a new position in shares of CyberArk Software in the second quarter valued at approximately $47,000. Finally, Ronald Blue Trust Inc. boosted its stake in shares of CyberArk Software by 250.4% in the third quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock valued at $73,000 after buying an additional 333 shares during the period. 92.14% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $243.17 on Thursday. CyberArk Software Ltd. has a fifty-two week low of $120.11 and a fifty-two week high of $245.84. The firm’s 50-day simple moving average is $218.68 and its 200 day simple moving average is $185.21. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.22 and a current ratio of 2.22. The stock has a market cap of $9.98 billion, a price-to-earnings ratio of -103.04 and a beta of 1.06.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CYBR. Oppenheimer increased their price target on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Truist Financial increased their price objective on CyberArk Software from $210.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, January 16th. Cantor Fitzgerald restated an “overweight” rating and issued a $210.00 price objective on shares of CyberArk Software in a report on Wednesday, January 31st. KeyCorp increased their price objective on CyberArk Software from $265.00 to $274.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Finally, Jefferies Financial Group assumed coverage on CyberArk Software in a report on Friday, December 15th. They set a “buy” rating and a $240.00 price target for the company. Two analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $230.65.

Check Out Our Latest Analysis on CyberArk Software

CyberArk Software Company Profile

(Free Report)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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