CyberArk Software (NASDAQ:CYBR) Price Target Raised to $350.00

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Wells Fargo & Company from $300.00 to $350.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

CYBR has been the topic of several other research reports. Wedbush raised their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Oppenheimer raised their price target on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Barclays upped their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday. Robert W. Baird raised their price objective on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group upped their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has 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 has an average rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Trading Up 1.3 %

Shares of NASDAQ CYBR opened at $305.27 on Thursday. The business has a 50-day moving average of $285.06 and a 200-day moving average of $267.09. The firm has a market capitalization of $13.30 billion, a price-to-earnings ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a 12 month low of $183.28 and a 12 month high of $318.16.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CYBR. Geode Capital Management LLC lifted its position in shares of CyberArk Software by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock worth $108,020,000 after purchasing an additional 14,724 shares during the period. Continuum Advisory LLC boosted its position in CyberArk Software by 33.2% during the 3rd quarter. Continuum Advisory LLC now owns 7,823 shares of the technology company’s stock valued at $2,357,000 after acquiring an additional 1,950 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CyberArk Software during the 3rd quarter worth approximately $8,612,000. Groupama Asset Managment raised its position 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 worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of CyberArk Software by 11.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,190 shares of the technology company’s stock valued at $3,555,000 after purchasing an additional 1,300 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.