The Commonwealth of Pennsylvania Public School Employees Retirement System has decreased its investment in CyberArk Software Ltd. (NASDAQ: CYBR) by **5.1%** during the second quarter of 2023. This reduction was disclosed in the most recent **13F filing** with the Securities and Exchange Commission (SEC). Following the sale of **409 shares**, the retirement system now holds **7,566 shares** of the cybersecurity firm, valued at approximately **$3.08 million**.
Numerous other institutional investors have also adjusted their positions in CyberArk. **Opal Wealth Advisors LLC** entered the market with a new stake worth **$30,000** during the same quarter. Additionally, **NewSquare Capital LLC** increased its holdings by **78.0%**, acquiring **73 shares** valued at **$30,000** after purchasing **32 additional shares**. **Harbour Investments Inc.** expanded its stake by a remarkable **298.0%**, now owning **203 shares** valued at **$69,000** after acquiring **152 shares**. Other notable investors include **WPG Advisers LLC**, which invested approximately **$74,000**, and **CWM LLC**, which raised its stake by **146.7%**, bringing its total to **222 shares** worth **$75,000**. Collectively, institutional investors hold **91.84%** of CyberArk’s stock.
Current Stock Performance and Analyst Ratings
As of the latest trading session, CyberArk Software shares opened at **$475.67**. The company reports a **debt-to-equity ratio** of **0.53**, with both a **quick ratio** and a **current ratio** of **2.31**. CyberArk has a market capitalization of **$24.01 billion** and a **price-earnings (PE) ratio** of **-141.15**. The stock has experienced fluctuations, reaching a fifty-two week low of **$288.63** and a high of **$526.19**. Analysts have noted a **50-day moving average** price of **$495.53** and a **200-day moving average** of **$433.52**.
In recent months, several equity analysts have revised their ratings on CyberArk Software. **Wolfe Research** downgraded the stock from a “strong-buy” to a “hold” rating on **August 1, 2023**. On the same day, **Rosenblatt Securities** also changed their rating to “hold” and set a target price of **$445.00**. Conversely, **Barclays** maintained an “equal weight” rating, increasing its price objective from **$440.00** to **$520.00** on **October 14, 2023**. **Canaccord Genuity Group** also adjusted its rating from “buy” to “hold,” raising the target price to **$502.00** on **October 15, 2023**. **DA Davidson** retained a “buy” rating with a price target of **$518.00** as of **November 7, 2023**.
Overall, out of **32 analysts**, eight have rated CyberArk with a “buy,” while twenty-two suggest holding the stock, and two recommend selling. The average rating currently stands at “hold,” with a target price of approximately **$455.96**.
About CyberArk Software
CyberArk Software Ltd., along with its subsidiaries, specializes in providing software-based identity security solutions and services globally. Their offerings include **Privileged Access Manager**, which focuses on credential security and session management; **Vendor Privileged Access Manager**, which integrates secure access for third-party vendors; and **Endpoint Privilege Manager**, a solution designed to secure endpoint privileges. The company operates across the United States, Europe, the Middle East, and Africa.
For those interested in ongoing updates, CyberArk Software provides a daily summary of news and analysts’ ratings through MarketBeat’s free email newsletter, ensuring stakeholders remain informed.
