Korea Investment CORP boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 65.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,272 shares of the technology company's stock after purchasing an additional 10,760 shares during the period. Korea Investment CORP owned about 0.06% of CyberArk Software worth $9,086,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Nepsis Inc. grew its position in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after buying an additional 505,088 shares during the period. Jennison Associates LLC boosted its stake in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after acquiring an additional 391,900 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after acquiring an additional 336,462 shares during the period. Swedbank AB grew its position in shares of CyberArk Software by 19.0% during the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company's stock valued at $181,600,000 after acquiring an additional 87,201 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd increased its stake in shares of CyberArk Software by 138.8% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company's stock worth $47,724,000 after purchasing an additional 83,252 shares during the last quarter. Institutional investors own 91.84% of the company's stock.
CyberArk Software Price Performance
NASDAQ CYBR traded down $21.50 during trading on Friday, hitting $306.46. 914,137 shares of the company's stock traded hands, compared to its average volume of 513,495. The firm has a market cap of $15.15 billion, a P/E ratio of -157.16 and a beta of 1.06. The stock has a fifty day moving average of $361.79 and a two-hundred day moving average of $328.40. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have weighed in on CYBR shares. Needham & Company LLC reissued a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Stifel Nicolaus lifted their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Cantor Fitzgerald restated an "overweight" rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Royal Bank of Canada boosted their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the company an "outperform" rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $418.04.
Read Our Latest Stock Report on CyberArk Software
About CyberArk Software
(
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.
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