CyberArk Software (NASDAQ:CYBR) Given New $500.00 Price Target at Wells Fargo & Company

CyberArk Software (NASDAQ:CYBR - Free Report) had its price target upped by Wells Fargo & Company from $425.00 to $500.00 in a research report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the technology company's stock.

Other analysts have also issued research reports about the stock. Needham & Company LLC lifted their price target on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a "buy" rating in a research note on Thursday, January 9th. Robert W. Baird lifted their price target on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an "outperform" rating in a research note on Tuesday, December 17th. DA Davidson lifted their price target on shares of CyberArk Software from $360.00 to $390.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Barclays lifted their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Stifel Nicolaus lifted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus price target of $401.67.

CyberArk Software Stock Down 0.6 %

Shares of CYBR traded down $2.64 during mid-day trading on Friday, reaching $410.67. 256,959 shares of the stock traded hands, compared to its average volume of 552,834. The firm has a market cap of $17.89 billion, a price-to-earnings ratio of 1,522.05 and a beta of 1.15. The stock has a fifty day simple moving average of $349.78 and a 200 day simple moving average of $309.64. CyberArk Software has a 12-month low of $223.09 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, equities research analysts expect that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently bought and sold shares of CYBR. HighTower Advisors LLC raised its position in CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment raised its position in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after acquiring an additional 5,402 shares in the last quarter. Jennison Associates LLC raised its position in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after acquiring an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in CyberArk Software in the third quarter worth about $8,612,000. Finally, International Assets Investment Management LLC bought a new stake in CyberArk Software in the third quarter worth about $82,485,000. 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.