New York State Common Retirement Fund grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 24.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,622 shares of the technology company’s stock after acquiring an additional 3,916 shares during the period. New York State Common Retirement Fund owned 0.07% of CyberArk Software worth $980,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of CyberArk Software in the 1st quarter valued at $102,000. BNP Paribas Arbitrage SA lifted its position in CyberArk Software by 198.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after buying an additional 2,524 shares in the last quarter. Legal & General Group Plc bought a new stake in CyberArk Software during the 1st quarter worth about $250,000. Cambridge Investment Research Advisors Inc. lifted its position in CyberArk Software by 26.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock worth $250,000 after buying an additional 1,048 shares in the last quarter. Finally, Fiduciary Trust Co. bought a new stake in CyberArk Software during the 2nd quarter worth about $286,000. Hedge funds and other institutional investors own 72.82% of the company’s stock.
Shares of CyberArk Software Ltd. (NASDAQ CYBR) opened at $44.33 on Tuesday. CyberArk Software Ltd. has a 12-month low of $39.34 and a 12-month high of $56.25. The stock has a market cap of $1,557.81, a P/E ratio of 70.06, a PEG ratio of 3.67 and a beta of 2.56.
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A number of brokerages have recently issued reports on CYBR. UBS AG dropped their target price on shares of CyberArk Software from $52.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. Piper Jaffray Companies reissued a “buy” rating and issued a $50.00 price target on shares of CyberArk Software in a report on Friday, November 3rd. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 price target on shares of CyberArk Software in a report on Friday, November 3rd. Zacks Investment Research upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Wednesday, November 8th. Finally, BidaskClub upgraded shares of CyberArk Software from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 17th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. CyberArk Software currently has an average rating of “Buy” and a consensus price target of $49.91.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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