New York State Common Retirement Fund Trims Holdings in CyberArk Software Ltd. $CYBR

New York State Common Retirement Fund reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 50.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 30,439 shares of the technology company’s stock after selling 31,181 shares during the period. New York State Common Retirement Fund’s holdings in CyberArk Software were worth $14,707,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC boosted its stake in shares of CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares during the period. Parkside Financial Bank & Trust raised its stake in CyberArk Software by 120.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after acquiring an additional 35 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $33,000. Promus Capital LLC purchased a new position in shares of CyberArk Software in the 2nd quarter valued at approximately $48,000. Finally, Root Financial Partners LLC acquired a new position in shares of CyberArk Software in the third quarter valued at approximately $56,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Zacks Research upgraded CyberArk Software from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 7th. DA Davidson reissued a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a research note on Friday, November 7th. Barclays restated an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research note on Wednesday, December 17th. Finally, Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $462.63.

CyberArk Software Stock Performance

Shares of CYBR opened at $427.27 on Tuesday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company has a 50-day simple moving average of $452.26 and a 200-day simple moving average of $459.70. The company has a market capitalization of $21.57 billion, a PE ratio of -92.68, a P/E/G ratio of 19.66 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The firm had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.