Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $311.44

CyberArk Software Ltd. (NASDAQ:CYBR) has earned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the firm, 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 12 month target price among brokers that have issued ratings on the stock in the last year is $328.37.

Several research firms have issued 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 24th. Wells Fargo & Company raised their target price on shares of CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday. Stifel Nicolaus raised their target price 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 lifted 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 lifted their 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.

CyberArk Software Trading Up 1.3 %

NASDAQ:CYBR opened at $305.27 on Wednesday. The firm has a 50-day moving average price of $284.25 and a two-hundred day moving average price of $266.66. CyberArk Software has a twelve month low of $183.28 and a twelve month high of $318.16. The company has a market capitalization of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13.

Hedge Funds Weigh In On CyberArk Software

A number of large investors have recently made changes to their positions in CYBR. Swedbank AB bought a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $109,466,000. 1832 Asset Management L.P. grew its stake in shares of CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after buying 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 worth 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 boosted 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 stock.

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.