Korea Investment CORP Has $9.09 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Korea Investment CORP grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 65.2% in the fourth quarter, Holdings Channel reports. The fund owned 27,272 shares of the technology company’s stock after acquiring an additional 10,760 shares during the quarter. Korea Investment CORP’s holdings in CyberArk Software were worth $9,086,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the fourth quarter valued at about $25,000. TD Private Client Wealth LLC increased its stake in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter valued at approximately $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. grew its holdings in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.7 %

NASDAQ CYBR opened at $338.00 on Tuesday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The business has a 50 day moving average price of $363.88 and a 200-day moving average price of $327.12. The company has a market cap of $16.71 billion, a price-to-earnings ratio of -173.33 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CYBR shares. Needham & Company LLC reiterated a “buy” rating and set a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Truist Financial cut their target price on CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Monday. DA Davidson reissued a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. KeyCorp lifted their price objective on CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada increased their target price 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 research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $417.22.

CyberArk Software Profile

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.