CyberArk Software (NASDAQ:CYBR) Price Target Raised to $335.00

CyberArk Software (NASDAQ:CYBR) had its price objective increased by investment analysts at Stifel Nicolaus from $306.00 to $335.00 in a report released on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 12.15% from the stock’s previous close.

A number of other research analysts have also issued reports on the stock. BTIG Research increased their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Scotiabank assumed coverage on CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Wedbush raised their price objective on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $323.56.

CyberArk Software Stock Up 2.4 %

Shares of CyberArk Software stock traded up $7.09 during trading on Thursday, reaching $298.70. The company’s stock had a trading volume of 122,880 shares, compared to its average volume of 520,451. The business’s 50-day moving average price is $283.33 and its 200-day moving average price is $266.24. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16. The firm has a market cap of $13.01 billion, a PE ratio of -925.06 and a beta of 1.13.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently made changes to their positions in CYBR. Jennison Associates LLC grew its holdings in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. RGM Capital LLC grew its stake in CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after acquiring an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC increased its holdings in CyberArk Software by 21.6% during the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after acquiring an additional 81,801 shares during the period. Swedbank AB lifted its stake in CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after purchasing an additional 112,112 shares during the period. 91.84% of the stock is currently owned by institutional investors.

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.