CyberArk Software (NASDAQ:CYBR – Free Report) had its price objective raised by Susquehanna from $310.00 to $320.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a positive rating on the technology company’s stock.
A number of other analysts also recently issued reports on CYBR. Canaccord Genuity Group reduced their price objective on CyberArk Software from $300.00 to $280.00 and set a buy rating on the stock in a research note on Tuesday, June 4th. Needham & Company LLC restated a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Monday, May 20th. Guggenheim reaffirmed a buy rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. Rosenblatt Securities reaffirmed a buy rating and set a $310.00 price target on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, Robert W. Baird lifted their target price on shares of CyberArk Software from $295.00 to $315.00 and gave the stock an outperform rating in a research note on Friday. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of $290.83.
Check Out Our Latest Stock Analysis on CyberArk Software
CyberArk Software Stock Up 3.8 %
Institutional Trading of CyberArk Software
Several institutional investors have recently bought and sold shares of CYBR. Geneos Wealth Management Inc. lifted its stake in CyberArk Software by 163.4% in the 4th quarter. Geneos Wealth Management Inc. now owns 4,460 shares of the technology company’s stock worth $977,000 after purchasing an additional 2,767 shares in the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of CyberArk Software during the 4th quarter worth approximately $230,000. Strs Ohio increased its position in shares of CyberArk Software by 95.5% during the fourth quarter. Strs Ohio now owns 30,100 shares of the technology company’s stock worth $6,593,000 after purchasing an additional 14,700 shares in the last quarter. Mackenzie Financial Corp boosted its holdings in shares of CyberArk Software by 3.1% in the fourth quarter. Mackenzie Financial Corp now owns 2,952 shares of the technology company’s stock valued at $647,000 after acquiring an additional 90 shares during the period. Finally, Wealth Alliance grew its holdings in shares of CyberArk Software by 2.6% during the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock worth $526,000 after buying an additional 60 shares during the last quarter. 91.84% of the stock is 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.
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