KLP Kapitalforvaltning AS Acquires Shares of 13,550 CyberArk Software Ltd. (NASDAQ:CYBR)

KLP Kapitalforvaltning AS bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,550 shares of the technology company’s stock, valued at approximately $4,514,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth approximately $25,000. TD Private Client Wealth LLC raised its position in CyberArk Software by 79.1% in the 4th 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 last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software during the 4th quarter valued at $39,000. Montag A & Associates Inc. boosted 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. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth $50,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent analyst reports. Canaccord Genuity Group raised their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Truist Financial boosted their target price on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. 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. 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. Finally, JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Up 2.1 %

Shares of NASDAQ CYBR opened at $358.28 on Wednesday. The stock’s 50-day simple moving average is $364.76 and its two-hundred day simple moving average is $324.98. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market capitalization of $17.71 billion, a P/E ratio of -183.73 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted 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%. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Company 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.