CyberArk Software (NASDAQ:CYBR) Rating Increased to Strong-Buy at Stephens

Stephens upgraded shares of CyberArk Software (NASDAQ:CYBR) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. KeyCorp upped their price objective on CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Royal Bank of Canada upped their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus lifted their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Barclays increased their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $418.04.

CyberArk Software Stock Up 3.0 %

CyberArk Software stock opened at $348.26 on Monday. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a market cap of $17.21 billion, a P/E ratio of -178.59 and a beta of 1.06. The business has a 50-day simple moving average of $363.73 and a two-hundred day simple moving average of $327.66.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. Research analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC increased its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. CenterBook Partners LP increased its position in CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after acquiring an additional 38 shares during the last quarter. Coldstream Capital Management Inc. raised its stake in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after acquiring an additional 42 shares during the period. Montag A & Associates Inc. lifted its holdings in shares of CyberArk Software by 47.2% in 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, Continuum Advisory LLC boosted its stake in shares of CyberArk Software by 0.6% during the 4th quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after purchasing an additional 48 shares during the period. 91.84% of the stock is currently owned by hedge funds and other 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.