CyberArk Software (NASDAQ:CYBR) Price Target Raised to $360.00

CyberArk Software (NASDAQ:CYBR) had its price objective raised by UBS Group from $340.00 to $360.00 in a report published on Thursday morning,Benzinga reports. UBS Group currently has a buy rating on the technology company’s stock.

Several other equities research analysts also recently commented on the stock. Mizuho lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Scotiabank assumed coverage on CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target for the company. Barclays increased their price objective on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday. Citigroup lifted their target price on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, JMP Securities increased their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of CyberArk Software stock 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 firm has a market capitalization of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16.

Institutional Trading of CyberArk Software

Several institutional investors have recently modified their holdings of CYBR. Mather Group LLC. purchased a new position in CyberArk Software in the 2nd quarter valued at about $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $33,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software in the second quarter worth approximately $39,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.