Stifel Nicolaus Increases CyberArk Software (NASDAQ:CYBR) Price Target to $335.00

CyberArk Software (NASDAQ:CYBR) had its price objective hoisted by equities research analysts at Stifel Nicolaus from $306.00 to $335.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 9.74% from the stock’s current price.

CYBR has been the topic of a number of other reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Scotiabank started coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price objective on the stock. JMP Securities increased their target price on CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research note on Thursday. Wedbush lifted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Finally, BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Trading Up 1.3 %

Shares of CYBR stock opened at $305.27 on Thursday. The firm has a fifty day simple moving average of $284.25 and a 200-day simple moving average of $266.66. The company has a market capitalization of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a twelve month low of $183.28 and a twelve month high of $318.16.

Institutional Trading of CyberArk Software

Several large investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in CyberArk Software during the 2nd quarter worth $27,000. ORG Partners LLC acquired a new stake in CyberArk Software in the second quarter worth about $33,000. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in CyberArk Software during the 2nd quarter valued at about $39,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the 3rd quarter worth about $51,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.