Morgan Stanley Increases CyberArk Software (NASDAQ:CYBR) Price Target to $390.00

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its target price raised by Morgan Stanley from $316.00 to $390.00 in a report released on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the technology company's stock. Morgan Stanley's price objective would suggest a potential downside of 4.82% from the company's current price.

A number of other analysts have also weighed in on the company. Royal Bank of Canada increased their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. Scotiabank increased their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Citigroup increased their price target on CyberArk Software from $355.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, Oppenheimer increased their price target on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average price target of $401.67.

CyberArk Software Trading Down 0.9 %

NASDAQ:CYBR traded down $3.55 during midday trading on Friday, hitting $409.76. 840,576 shares of the company traded hands, compared to its average volume of 572,654. The firm's fifty day moving average is $349.78 and its 200-day moving average is $309.64. CyberArk Software has a 12-month low of $223.09 and a 12-month high of $421.00. The firm has a market capitalization of $17.85 billion, a P/E ratio of 1,517.69 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. On average, research analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software in the fourth quarter valued at about $25,000. TD Private Client Wealth LLC raised its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after buying an additional 34 shares during the last quarter. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after buying an additional 123 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the fourth quarter valued at about $39,000. Finally, Graney & King LLC purchased a new stake in CyberArk Software in the fourth quarter valued at about $43,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.