Barclays Increases CyberArk Software (NASDAQ:CYBR) Price Target to $335.00

CyberArk Software (NASDAQ:CYBR) had its price objective upped by investment analysts at Barclays from $330.00 to $335.00 in a report released on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target would suggest a potential upside of 9.74% from the company’s previous close.

Several other equities research analysts have also recently weighed in on the company. Oppenheimer increased their target price on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Susquehanna upped their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday. Jefferies Financial Group increased their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. BTIG Research lifted their price objective on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Finally, DA Davidson upped their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Price Performance

Shares of CYBR opened at $305.27 on Thursday. The firm has a market cap of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a 1 year low of $183.28 and a 1 year high of $318.16. The stock has a 50 day simple moving average of $284.25 and a two-hundred day simple moving average of $266.66.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Jennison Associates LLC lifted its position in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares in the last quarter. Groupama Asset Managment raised its stake in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the period. RGM Capital LLC lifted its holdings in CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC boosted its stake in CyberArk Software by 3.3% in the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after purchasing an additional 14,927 shares during the period. Finally, Swedbank AB grew its holdings in CyberArk Software by 11.1% during the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after buying an additional 45,799 shares in 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.