CyberArk Software (NASDAQ:CYBR) Given New $335.00 Price Target at Stifel Nicolaus

CyberArk Software (NASDAQ:CYBR) had its price objective upped by Stifel Nicolaus from $306.00 to $335.00 in a research report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Other research analysts have also issued reports about the company. Mizuho boosted their price target on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Oppenheimer boosted their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada started coverage on CyberArk Software in a report on Friday, September 20th. They set an “outperform” rating and a $328.00 target price for the company. DA Davidson increased their price objective on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Wedbush raised 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. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Trading Up 0.8 %

Shares of NASDAQ CYBR traded up $2.51 during midday trading on Thursday, hitting $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 50 day moving average is $283.62 and its two-hundred day moving average is $266.42. The firm has a market cap of $13.24 billion, a P/E ratio of 1,111.15 and a beta of 1.13. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently bought and sold shares of the company. Oppenheimer & Co. Inc. boosted its position in CyberArk Software by 28.0% during the 1st quarter. Oppenheimer & Co. Inc. now owns 1,695 shares of the technology company’s stock worth $450,000 after buying an additional 371 shares during the period. Russell Investments Group Ltd. boosted its holdings in CyberArk Software by 58.3% during the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after acquiring an additional 12,242 shares during the last quarter. US Bancorp DE boosted its holdings in shares of CyberArk Software by 3.6% in the 1st quarter. US Bancorp DE now owns 10,220 shares of the technology company’s stock worth $2,715,000 after buying an additional 353 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of CyberArk Software by 17.4% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 22,573 shares of the technology company’s stock worth $5,996,000 after buying an additional 3,349 shares during the last quarter. Finally, Blair William & Co. IL lifted its holdings in CyberArk Software by 15.2% during the first quarter. Blair William & Co. IL now owns 14,515 shares of the technology company’s stock valued at $3,856,000 after purchasing an additional 1,919 shares during the last quarter. 91.84% of the stock is 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.