Texas Permanent School Fund Corp Has $5.43 Million Stock Position in CyberArk Software Ltd. $CYBR

by · The Cerbat Gem

Texas Permanent School Fund Corp increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,338 shares of the technology company’s stock after buying an additional 2,167 shares during the quarter. Texas Permanent School Fund Corp’s holdings in CyberArk Software were worth $5,427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AXA S.A. raised its holdings in shares of CyberArk Software by 1.4% in the 2nd quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock valued at $47,825,000 after purchasing an additional 1,571 shares during the period. Atlantic Union Bankshares Corp acquired a new position in CyberArk Software during the second quarter worth approximately $1,504,000. Stratos Wealth Partners LTD. bought a new stake in CyberArk Software in the second quarter valued at approximately $214,000. World Investment Advisors acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $211,000. Finally, Advyzon Investment Management LLC bought a new position in shares of CyberArk Software during the 2nd quarter worth approximately $363,000. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CYBR shares. Barclays restated an “equal weight” rating and issued a $520.00 price target (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. DA Davidson restated a “buy” rating and set a $518.00 target price on shares of CyberArk Software in a research note on Friday, November 7th. Citizens Jmp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Finally, Canaccord Genuity Group cut shares of CyberArk Software from a “buy” rating to a “hold” rating and increased their price target for the company from $440.00 to $502.00 in a report on Wednesday, October 15th. Seven research analysts have rated the stock with a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $459.75.

Check Out Our Latest Report on CYBR

CyberArk Software Trading Up 0.6%

CYBR stock opened at $451.63 on Wednesday. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The company has a market capitalization of $22.80 billion, a PE ratio of -97.97, a price-to-earnings-growth ratio of 24.15 and a beta of 0.99. The company’s 50-day simple moving average is $485.28 and its 200 day simple moving average is $446.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14.

CyberArk Software (NASDAQ:CYBR – Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. During the same quarter in the previous year, the company earned $0.94 EPS. The business’s revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Profile

(Free Report)

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.

Further Reading

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