CyberArk Software (NASDAQ:CYBR) Price Target Raised to $445.00

CyberArk Software (NASDAQ:CYBR) had its target price hoisted by research analysts at Rosenblatt Securities from $415.00 to $445.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price objective would suggest a potential upside of 7.41% from the stock’s previous close.

A number of other research firms have also commented on CYBR. Citigroup lifted their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. UBS Group lifted their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Mizuho upped their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Canaccord Genuity Group raised their price target on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus boosted their price objective on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $379.33.

CyberArk Software Trading Up 8.8 %

Shares of NASDAQ:CYBR opened at $414.31 on Friday. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $418.49. The firm has a fifty day moving average price of $344.38 and a 200 day moving average price of $305.97. The stock has a market capitalization of $18.05 billion, a PE ratio of 1,534.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its quarterly 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 return on equity of 2.29% and a net margin of 1.38%. On average, sell-side analysts forecast that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC grew its position in CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after acquiring an additional 2,062 shares during the period. Groupama Asset Managment boosted its stake in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of CyberArk Software during the 3rd quarter worth about $8,612,000. Finally, International Assets Investment Management LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter worth about $82,485,000. 91.84% of the stock is 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.