CyberArk Software (NASDAQ:CYBR) Price Target Raised to $450.00

CyberArk Software (NASDAQ:CYBR) had its target price increased by stock analysts at Barclays from $375.00 to $450.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Barclays‘s target price would suggest a potential upside of 8.61% from the company’s previous close.

A number of other brokerages also recently commented on CYBR. Rosenblatt Securities upped their target price on CyberArk Software from $415.00 to $445.00 and gave the company a “buy” rating in a report on Friday. Susquehanna upped their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Needham & Company LLC lifted their target price on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. StockNews.com lowered CyberArk Software from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Citigroup increased their price objective on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $379.33.

CyberArk Software Stock Up 8.8 %

Shares of CYBR opened at $414.31 on Friday. The stock has a market capitalization of $18.05 billion, a P/E ratio of 1,534.54 and a beta of 1.15. CyberArk Software has a twelve month low of $223.09 and a twelve month high of $418.49. The firm has a fifty day simple moving average of $344.38 and a two-hundred day simple moving average of $305.97.

CyberArk Software (NASDAQ:CYBR) last posted 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 return on equity of 2.29% and a net margin of 1.38%. Sell-side analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently modified their holdings of the business. TD Private Client Wealth LLC lifted its stake in 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 acquiring an additional 34 shares during the period. CenterBook Partners LP lifted its holdings in shares of CyberArk Software by 2.4% during the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after buying an additional 38 shares during the period. Coldstream Capital Management Inc. increased its position in CyberArk Software by 3.5% during 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 last quarter. Montag A & Associates Inc. increased its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. Finally, Greenleaf Trust grew its stake in shares of CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares during the period. 91.84% of the stock is 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.