Strs Ohio Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Strs Ohio boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 95.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,100 shares of the technology company’s stock after acquiring an additional 14,700 shares during the period. Strs Ohio’s holdings in CyberArk Software were worth $6,593,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC purchased a new stake in CyberArk Software in the 4th quarter worth approximately $230,000. Meitav Investment House Ltd. grew its stake in CyberArk Software by 8.0% in the 4th quarter. Meitav Investment House Ltd. now owns 37,968 shares of the technology company’s stock worth $8,317,000 after acquiring an additional 2,823 shares during the period. Geneos Wealth Management Inc. grew its stake in CyberArk Software by 163.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,460 shares of the technology company’s stock worth $977,000 after acquiring an additional 2,767 shares during the period. Toth Financial Advisory Corp purchased a new stake in CyberArk Software in the 4th quarter worth approximately $569,000. Finally, Fulton Bank N.A. grew its stake in shares of CyberArk Software by 13.4% during the 4th quarter. Fulton Bank N.A. now owns 2,188 shares of the technology company’s stock valued at $479,000 after buying an additional 259 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley cut shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $195.00 to $240.00 in a research note on Tuesday, January 9th. Oppenheimer boosted their price objective on shares of CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Bank of America boosted their price objective on shares of CyberArk Software from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, March 15th. KeyCorp boosted their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, February 9th. Finally, Rosenblatt Securities boosted their price objective on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Price Performance

Shares of CYBR stock opened at $235.98 on Thursday. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The firm has a market capitalization of $9.97 billion, a P/E ratio of -145.67 and a beta of 1.05. The company’s fifty day moving average price is $259.79 and its two-hundred day moving average price is $220.03.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping 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 firm had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. On average, sell-side analysts anticipate 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.