Barclays Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $450.00

CyberArk Software (NASDAQ:CYBR) had its price target increased by investment analysts at Barclays from $375.00 to $450.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target indicates a potential upside of 8.88% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. Needham & Company LLC raised their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Morgan Stanley reissued an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a research report on Tuesday, December 31st. Susquehanna raised their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and issued a $360.00 target price on shares of CyberArk Software in a report on Tuesday, January 14th. Finally, Canaccord Genuity Group raised their price target on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $401.67.

CyberArk Software Trading Down 0.2 %

Shares of CYBR stock opened at $413.31 on Friday. The company has a market cap of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15. The firm has a fifty day moving average price of $347.91 and a 200 day moving average price of $308.16. CyberArk Software has a 12 month low of $223.09 and a 12 month high of $419.49.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. On average, equities analysts forecast that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. Creative Planning grew its stake in shares of CyberArk Software by 14.0% during the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company’s stock worth $3,491,000 after purchasing an additional 1,471 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in CyberArk Software by 26.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,123 shares of the technology company’s stock worth $1,202,000 after buying an additional 852 shares during the period. Blue Trust Inc. increased its holdings in CyberArk Software by 49.4% in the third quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock valued at $316,000 after buying an additional 382 shares in the last quarter. Nepsis Inc. boosted its stake in shares of CyberArk Software by 2.9% during the 3rd quarter. Nepsis Inc. now owns 57,239 shares of the technology company’s stock worth $16,691,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in CyberArk Software by 45.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock valued at $50,126,000 after purchasing an additional 53,502 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other 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.