Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) Price Target at $435.11

CyberArk Software Ltd. (NASDAQ:CYBR) has been given a consensus recommendation of “Hold” by the thirty-one research firms that are covering the stock, Marketbeat reports. Seventeen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $435.1071.

Several research firms have weighed in on CYBR. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. William Blair cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. DA Davidson raised their price target on CyberArk Software from $465.00 to $518.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Barclays raised their price target on CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, Stephens cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st.

Hedge Funds Weigh In On CyberArk Software

A number of large investors have recently modified their holdings of CYBR. Thoma Bravo L.P. purchased a new position in shares of CyberArk Software during the 4th quarter valued at about $380,637,000. Norges Bank purchased a new position in shares of CyberArk Software during the 2nd quarter valued at about $444,613,000. Price T Rowe Associates Inc. MD raised its holdings in shares of CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after buying an additional 921,523 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after acquiring an additional 335,634 shares during the last quarter. Finally, Amundi grew its position in CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after acquiring an additional 331,498 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 0.5%

Shares of NASDAQ CYBR opened at $471.19 on Tuesday. CyberArk Software has a 52 week low of $266.64 and a 52 week high of $480.59. The business has a 50-day simple moving average of $417.93 and a two-hundred day simple moving average of $379.84. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market cap of $23.29 billion, a P/E ratio of -139.82 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The business had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same quarter last year, the company earned $0.54 EPS. The firm’s revenue was up 46.0% compared to the same quarter last year. Research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

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.