CyberArk Software (NASDAQ:CYBR) Given New $360.00 Price Target at JMP Securities

CyberArk Software (NASDAQ:CYBR) had its price objective upped by JMP Securities from $310.00 to $360.00 in a research report released on Thursday,Benzinga reports. They currently have a market outperform rating on the technology company’s stock.

Several other brokerages have also issued reports on CYBR. Jefferies Financial Group boosted their price target on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Wedbush boosted their price target on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Susquehanna boosted their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday. Needham & Company LLC restated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Finally, Citigroup boosted their price target on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded up $2.51 during trading on Thursday, reaching $303.79. The company’s stock had a trading volume of 494,735 shares, compared to its average volume of 523,930. The business’s fifty day moving average price is $283.62 and its 200-day moving average price is $266.42. The firm has a market cap of $13.24 billion, a price-to-earnings ratio of 1,111.15 and a beta of 1.13. CyberArk Software has a one year low of $183.28 and a one year high of $318.16.

Institutional Investors Weigh In On CyberArk Software

Large investors have recently bought and sold shares of the business. Swedbank AB bought a new position in CyberArk Software in the 1st quarter valued at $109,466,000. 1832 Asset Management L.P. boosted its position in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after buying an additional 358,602 shares during the last quarter. International Assets Investment Management LLC bought a new position in CyberArk Software in the 3rd quarter valued at $82,485,000. Anomaly Capital Management LP bought a new position in CyberArk Software in the 2nd quarter valued at $49,145,000. Finally, Clearbridge Investments LLC boosted its position in CyberArk Software by 250.0% in the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after buying an additional 160,269 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Company Profile

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.