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

Public Employees Retirement System of Ohio acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,534 shares of the technology company’s stock, valued at approximately $8,612,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in shares of CyberArk Software in the third quarter valued at $82,485,000. Anomaly Capital Management LP acquired a new stake in CyberArk Software in the 2nd quarter valued at about $49,145,000. Clearbridge Investments LLC raised its position in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after acquiring an additional 160,269 shares during the last quarter. Hood River Capital Management LLC raised its position in CyberArk Software by 59.2% during the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after acquiring an additional 83,172 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its holdings in shares of CyberArk Software by 89.2% in the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Price Performance

NASDAQ CYBR opened at $321.54 on Friday. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 1,190.89 and a beta of 1.13. CyberArk Software Ltd. has a 12 month low of $198.01 and a 12 month high of $333.32. The company’s fifty day moving average price is $302.18 and its two-hundred day moving average price is $277.92.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CYBR shares. Stifel Nicolaus upped their target price on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Truist Financial restated a “buy” rating and issued a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. Mizuho upped their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group raised their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.46.

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.