CyberArk Software (NASDAQ:CYBR) PT Raised to $325.00 at Mizuho

CyberArk Software (NASDAQ:CYBR) had its target price lifted by Mizuho from $310.00 to $325.00 in a research report report published on Thursday, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other brokerages also recently weighed in on CYBR. Jefferies Financial Group upped their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. BTIG Research upped their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Tuesday, August 6th. KeyCorp upped their price target on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $299.64.

CyberArk Software Stock Up 1.5 %

Shares of CYBR opened at $299.98 on Thursday. The firm has a 50-day moving average price of $280.22 and a 200 day moving average price of $261.08. The firm has a market capitalization of $12.68 billion, a PE ratio of -468.72 and a beta of 1.12. CyberArk Software has a 52-week low of $154.76 and a 52-week high of $308.63.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. CyberArk Software’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.58) EPS. On average, equities analysts expect that CyberArk Software will post -1.06 EPS for the current year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently added to or reduced their stakes in the company. RGM Capital LLC increased its holdings in CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after buying an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC increased its holdings in CyberArk Software by 21.6% in the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after buying an additional 81,801 shares during the last quarter. Swedbank AB grew its holdings in CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after purchasing an additional 45,799 shares during the last quarter. Acadian Asset Management LLC grew its holdings in CyberArk Software by 38.2% during the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after purchasing an additional 112,112 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its holdings in CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the last quarter. 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.