State of New Jersey Common Pension Fund D Boosts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

State of New Jersey Common Pension Fund D grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,902 shares of the technology company’s stock after buying an additional 1,190 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.18% of CyberArk Software worth $16,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Desjardins Global Asset Management Inc. raised its position in shares of CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC raised its position in shares of CyberArk Software by 6.6% during the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after buying an additional 54 shares in the last quarter. HighTower Advisors LLC raised its position in shares of CyberArk Software by 1.1% during the 3rd quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after buying an additional 60 shares in the last quarter. Wealth Alliance raised its position in shares of CyberArk Software by 2.6% during the 4th quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after buying an additional 60 shares in the last quarter. Finally, Regal Investment Advisors LLC raised its position in shares of CyberArk Software by 1.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock valued at $641,000 after buying an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CYBR shares. Mizuho increased their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 9th. Morgan Stanley lowered shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $195.00 to $240.00 in a report on Tuesday, January 9th. Rosenblatt Securities increased their target price on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. JMP Securities increased their target price on shares of CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Finally, Truist Financial increased their target price on shares of CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.54.

CyberArk Software Stock Up 0.2 %

Shares of CYBR traded up $0.54 during trading hours on Thursday, reaching $245.07. 323,215 shares of the company traded hands, compared to its average volume of 575,739. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The company has a market capitalization of $10.36 billion, a price-to-earnings ratio of -150.94 and a beta of 1.05. The company’s fifty day moving average price is $256.77 and its two-hundred day moving average price is $222.72.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. On average, analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

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.