Korea Investment CORP increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.8% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 28,853 shares of the technology company's stock after purchasing an additional 1,581 shares during the period. Korea Investment CORP owned 0.06% of CyberArk Software worth $9,752,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of CYBR. Thoma Bravo L.P. bought a new position in CyberArk Software during the fourth quarter worth about $380,637,000. Congress Asset Management Co. grew its holdings in CyberArk Software by 304.2% during the first quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after purchasing an additional 250,441 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of CyberArk Software during the fourth quarter worth approximately $72,842,000. Janus Henderson Group PLC boosted its holdings in shares of CyberArk Software by 7,524.4% during the fourth quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock worth $56,914,000 after acquiring an additional 168,471 shares during the period. Finally, Soros Fund Management LLC bought a new stake in shares of CyberArk Software during the fourth quarter worth approximately $46,747,000. Institutional investors own 91.84% of the company's stock.
CyberArk Software Price Performance
Shares of CYBR stock traded up $8.24 during trading on Wednesday, hitting $446.28. The company had a trading volume of 881,306 shares, compared to its average volume of 2,624,704. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market capitalization of $22.06 billion, a P/E ratio of -132.43 and a beta of 0.96. The stock's 50-day moving average price is $403.61 and its 200 day moving average price is $375.04. CyberArk Software Ltd. has a one year low of $254.43 and a one year high of $452.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on CYBR shares. UBS Group cut CyberArk Software from a "strong-buy" rating to a "hold" rating and boosted their price objective for the stock from $480.00 to $485.00 in a report on Thursday, July 31st. Barclays boosted their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Guggenheim cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a report on Thursday, July 31st. Royal Bank Of Canada restated a "sector perform" rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Stifel Nicolaus restated a "hold" rating and set a $444.00 price objective on shares of CyberArk Software in a report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $435.11.
View Our Latest Stock Report on CYBR
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.
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