CyberArk Software (NASDAQ:CYBR – Free Report) had its target price upped by Susquehanna from $255.00 to $310.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a positive rating on the technology company’s stock.
A number of other brokerages also recently issued reports on CYBR. KeyCorp increased their price target on CyberArk Software from $274.00 to $305.00 and gave the stock an overweight rating in a research report on Friday. JMP Securities lifted their price objective on CyberArk Software from $195.00 to $280.00 and gave the stock a market outperform rating in a research report on Wednesday, January 31st. Truist Financial lifted their price target on CyberArk Software from $210.00 to $250.00 and gave the company a buy rating in a research note on Tuesday, January 16th. Cantor Fitzgerald initiated coverage on shares of CyberArk Software in a research report on Thursday, February 8th. They set an overweight rating and a $300.00 target price on the stock. Finally, Rosenblatt Securities lifted their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the stock a buy rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $250.91.
CyberArk Software Stock Performance
Hedge Funds Weigh In On CyberArk Software
A number of large investors have recently made changes to their positions in the company. Schulz Wealth LTD. bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $350,000. Evoke Wealth LLC purchased a new position in shares of CyberArk Software in the fourth quarter worth about $3,495,000. TD Asset Management Inc raised its stake in CyberArk Software by 2.6% during the fourth quarter. TD Asset Management Inc now owns 11,330 shares of the technology company’s stock worth $2,482,000 after purchasing an additional 290 shares during the period. Hsbc Holdings PLC increased its position in shares of CyberArk Software by 80.8% during the fourth quarter. Hsbc Holdings PLC now owns 8,426 shares of the technology company’s stock valued at $1,853,000 after acquiring an additional 3,766 shares during the last quarter. Finally, Congress Wealth Management LLC DE grew its holdings in shares of CyberArk Software by 1.9% in the fourth quarter. Congress Wealth Management LLC DE now owns 14,217 shares of the technology company’s stock valued at $3,114,000 after purchasing an additional 263 shares in the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.
About CyberArk Software
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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