CyberArk Software Ltd. (NASDAQ:CYBR – Get Free Report) has received an average recommendation of “Moderate Buy” from the twenty-seven analysts covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average twelve-month price target among brokers who have issued ratings on the stock in the last year is $328.37.
Several research firms have released reports on CYBR. Robert W. Baird raised their target price on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24. Wells Fargo & Company raised CyberArk Software’s share price from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus raised their price target on shares of CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities raised their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada raised its price target on shares of CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research report on Thursday.
Read our latest report on CyberArk software
CyberArk software rises 1.3%
NASDAQ:CYBR opened at $305.27 on Wednesday. The company has a 50-day moving average of $284.25 and a two-hundred-day moving average of $266.66. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16. 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.
Hedge funds weigh in on CyberArk software
A number of major investors have recently made changes to their positions in CYBR. Swedbank AB bought a new stake in shares of CyberArk Software in the first quarter worth approximately $109,466,000. 1832 Asset Management LP increased its stake in shares of CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management LP now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares in the last quarter. International Assets Investment Management LLC bought a new stake in CyberArk Software during the third quarter valued at approximately $82,485,000. Anomaly Capital Management LP bought a new stake in CyberArk Software during the second quarter worth approximately $49,145,000. Finally, Clearbridge Investments LLC strengthened its position in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after purchasing an additional 160,269 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s shares.
CyberArk Software Company Profile
(Get a free report
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. The solutions include Privileged Access Manager, which provides risk-based login 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.
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