CyberArk Software (NASDAQ:CYBR) Given New $345.00 Price Target at Susquehanna

CyberArk Software (NASDAQ:CYBR) had its price objective upped by stock analysts at Susquehanna from $320.00 to $345.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “positive” rating on the technology company’s stock. Susquehanna’s target price would indicate a potential upside of 13.01% from the company’s previous close.

CYBR has been the subject of a number of other reports. Robert W. Baird increased their target price on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Cantor Fitzgerald increased their price objective on CyberArk Software from $300.00 to $335.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Oppenheimer increased their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Citigroup upped their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 1.3 %

NASDAQ CYBR opened at $305.27 on Thursday. CyberArk Software has a twelve month low of $183.28 and a twelve month high of $318.16. The stock has a market cap of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13. The company’s 50-day simple moving average is $284.25 and its 200 day simple moving average is $266.66.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently modified their holdings of CYBR. Jennison Associates LLC boosted its stake in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares during the last quarter. Groupama Asset Managment raised its holdings in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the period. RGM Capital LLC boosted its position in shares of CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of CyberArk Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock valued at $134,422,000 after buying an additional 14,927 shares during the period. Finally, Swedbank AB increased its position in shares of CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after buying an additional 45,799 shares in the last quarter. 91.84% of the stock is 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.