CyberArk Software (NASDAQ:CYBR) Price Target Raised to $465.00

CyberArk Software (NASDAQ:CYBR) had its price objective hoisted by Robert W. Baird from $455.00 to $465.00 in a report released on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the technology company’s stock.

A number of other equities analysts have also recently commented on CYBR. Citigroup lifted their target price on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Canaccord Genuity Group boosted their price objective 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. Royal Bank of Canada raised their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. JMP Securities upped their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Finally, Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $416.67.

CyberArk Software Trading Down 3.3 %

NASDAQ:CYBR opened at $352.05 on Tuesday. The business’s 50-day moving average is $359.76 and its 200 day moving average is $315.87. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The company has a market capitalization of $15.34 billion, a P/E ratio of -180.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, research analysts forecast that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently made changes to their positions in CYBR. HighTower Advisors LLC raised its stake in CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares during the last quarter. Groupama Asset Managment increased its holdings in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after buying an additional 5,402 shares during the period. Jennison Associates LLC raised its position 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 worth $353,386,000 after buying an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CyberArk Software during the 3rd quarter valued at approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CyberArk Software in the 4th quarter valued at $764,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.