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

CyberArk Software (NASDAQ:CYBR - Free Report) had its price objective lifted by Barclays from $330.00 to $335.00 in a report published on Thursday morning,Benzinga reports. Barclays currently has an overweight rating on the technology company's stock.

A number of other brokerages have also recently issued reports on CYBR. Oppenheimer raised their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. Jefferies Financial Group boosted their price objective on CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. Royal Bank of Canada initiated coverage on shares of CyberArk Software in a report on Friday, September 20th. They set an "outperform" rating and a $328.00 price target for the company. Citigroup boosted their price objective on CyberArk Software from $305.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Scotiabank initiated coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a "sector outperform" rating and a $340.00 target price on the stock. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $328.37.

CyberArk Software Price Performance

Shares of CYBR stock traded up $9.67 on Thursday, hitting $301.28. 862,359 shares of the stock traded hands, compared to its average volume of 523,971. The company has a market capitalization of $13.13 billion, a PE ratio of -967.16 and a beta of 1.13. The company's fifty day moving average is $283.62 and its 200 day moving average is $266.42. CyberArk Software has a 1-year low of $183.28 and a 1-year high of $318.16.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new stake in CyberArk Software during the 2nd quarter worth $27,000. ORG Partners LLC acquired a new stake in shares of CyberArk Software during the second quarter worth $33,000. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software in the second quarter valued at about $39,000. Assetmark Inc. raised its position in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after acquiring an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI increased its holdings in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

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.