CyberArk Software (NASDAQ:CYBR) Price Target Raised to $355.00

CyberArk Software (NASDAQ:CYBR) had its price objective raised by KeyCorp from $340.00 to $355.00 in a research note released on Thursday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

CYBR has been the subject of a number of other research reports. Oppenheimer upped 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. Scotiabank assumed coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price for the company. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, November 4th. Barclays boosted their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Finally, Royal Bank of Canada assumed coverage on shares of CyberArk Software in a research report on Friday, September 20th. They issued an “outperform” rating and a $328.00 target price for the company. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Trading Up 1.3 %

Shares of NASDAQ:CYBR opened at $305.27 on Thursday. The company has a 50-day moving average price of $285.06 and a 200-day moving average price of $267.09. The company has a market cap 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 Trading of CyberArk Software

Institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in shares of CyberArk Software by 4.1% in the third quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock worth $108,020,000 after buying an additional 14,724 shares in the last quarter. Continuum Advisory LLC lifted its position in CyberArk Software by 33.2% in 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 stake in CyberArk Software during the 3rd quarter valued at $8,612,000. Groupama Asset Managment boosted its stake in CyberArk Software by 0.5% during 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 during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings 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 worth $3,555,000 after purchasing an additional 1,300 shares in the last quarter. 91.84% of the stock is currently owned by 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.