CyberArk Software’s (CYBR) “Buy” Rating Reaffirmed at Guggenheim

Guggenheim restated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Tuesday morning,Benzinga reports. Guggenheim currently has a $455.00 price target on the technology company’s stock.

A number of other research analysts also recently weighed in on CYBR. Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. JPMorgan Chase & Co. increased their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Oppenheimer boosted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. Morgan Stanley increased their price target on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Rosenblatt Securities lifted their price objective on shares of CyberArk Software from $415.00 to $445.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $414.07.

CyberArk Software Stock Down 1.2 %

Shares of CYBR stock opened at $370.18 on Tuesday. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The company’s fifty day simple moving average is $357.54 and its 200-day simple moving average is $314.85. The firm has a market cap of $16.13 billion, a PE ratio of -189.84 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. HighTower Advisors LLC lifted its position in CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares during the period. Groupama Asset Managment raised its position in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after buying an additional 5,402 shares in the last quarter. Jennison Associates LLC raised its position in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of CyberArk Software during the 4th quarter worth approximately $764,000. 91.84% of the stock is currently owned by institutional investors.

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.