Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $311.44

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have earned a consensus recommendation of “Moderate Buy” from the twenty-seven brokerages that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $328.37.

A number of brokerages have recently commented on CYBR. Canaccord Genuity Group upped their price target on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday. Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. BTIG Research upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Royal Bank of Canada upped their target price on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Needham & Company LLC restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th.

CyberArk Software Stock Up 1.3 %

Shares of CYBR stock opened at $305.27 on Wednesday. CyberArk Software has a 12 month low of $183.28 and a 12 month high of $318.16. The firm has a market cap of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13. The stock has a 50 day moving average of $284.25 and a 200-day moving average of $266.66.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds have recently added to or reduced their stakes in CYBR. Greenleaf Trust boosted its holdings in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC raised its position in CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after buying an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its stake in CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares in the last quarter. Arcadia Investment Management Corp MI grew its stake in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares in the last quarter. Finally, Juncture Wealth Strategies LLC grew its stake in CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after purchasing an additional 57 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.