CyberArk Software (NASDAQ:CYBR) Coverage Initiated at Stephens

Equities research analysts at Stephens initiated coverage on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued on Tuesday, Marketbeat Ratings reports. The brokerage set an “overweight” rating and a $440.00 price target on the technology company’s stock. Stephens’ price target would suggest a potential upside of 27.28% from the stock’s previous close.

CYBR has been the subject of several other reports. Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. JMP Securities increased their price target on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $418.04.

CyberArk Software Stock Down 0.7 %

Shares of CyberArk Software stock opened at $345.69 on Tuesday. The stock has a market cap of $17.09 billion, a price-to-earnings ratio of -177.28 and a beta of 1.06. CyberArk Software has a twelve month low of $223.41 and a twelve month high of $421.00. The company’s fifty day moving average is $363.47 and its 200 day moving average is $327.79.

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

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its stake in shares of CyberArk Software by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock valued at $8,632,000 after purchasing an additional 1,557 shares during the period. MetLife Investment Management LLC boosted its position in CyberArk Software by 5.4% during the 3rd quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock valued at $1,137,000 after buying an additional 200 shares during the period. Benjamin Edwards Inc. grew its holdings in CyberArk Software by 147.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company’s stock worth $962,000 after acquiring an additional 1,964 shares during the last quarter. HighTower Advisors LLC increased its position in shares of CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after acquiring an additional 2,062 shares during the period. Finally, Investment Management Corp of Ontario raised its stake in shares of CyberArk Software by 55.5% during the third quarter. Investment Management Corp of Ontario now owns 1,401 shares of the technology company’s stock valued at $409,000 after acquiring an additional 500 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

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.