Korea Investment CORP Acquires 10,760 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Korea Investment CORP grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 65.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,272 shares of the technology company’s stock after buying an additional 10,760 shares during the quarter. Korea Investment CORP owned approximately 0.06% of CyberArk Software worth $9,086,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CYBR. Charles Schwab Investment Management Inc. boosted its position in CyberArk Software by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock valued at $8,632,000 after purchasing an additional 1,557 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of CyberArk Software by 5.4% in the 3rd quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock valued at $1,137,000 after buying an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CyberArk Software by 3.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,725 shares of the technology company’s stock valued at $9,543,000 after buying an additional 1,232 shares in the last quarter. Financial Counselors Inc. acquired a new position in CyberArk Software during the third quarter worth $218,000. Finally, Benjamin Edwards Inc. raised its position in CyberArk Software by 147.1% during the third quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company’s stock worth $962,000 after acquiring an additional 1,964 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on CYBR. KeyCorp lifted their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Robert W. Baird lifted their price target on CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Oppenheimer upped their price objective on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Royal Bank of Canada boosted their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $417.22.

CyberArk Software Stock Performance

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 firm has a market cap of $16.71 billion, a P/E ratio of -173.33 and a beta of 1.06. The business’s fifty day moving average is $363.88 and its 200-day moving average is $327.12.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

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.