CyberArk Software (NASDAQ:CYBR) PT Raised to $320.00 at Susquehanna

CyberArk Software (NASDAQ:CYBR) 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.

CyberArk Software Stock Up 3.8 %

NASDAQ CYBR traded up $10.13 during trading hours on Friday, reaching $273.72. The company’s stock had a trading volume of 934,482 shares, compared to its average volume of 555,036. The firm’s 50-day moving average price is $258.55 and its 200-day moving average price is $252.74. CyberArk Software has a 1 year low of $148.01 and a 1 year high of $284.10. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of -427.69 and a beta of 1.14.

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.