CyberArk Software (NASDAQ:CYBR – Get Free Report)‘s stock had its “overweight” rating reaffirmed by Cantor Fitzgerald in a research note issued to investors on Thursday, MarketBeat reports. They presently have a $300.00 price objective on the technology company’s stock, up from their previous price objective of $210.00. Cantor Fitzgerald’s price target would indicate a potential upside of 10.93% from the company’s previous close.
Several other equities research analysts also recently issued reports on the stock. Morgan Stanley downgraded shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $195.00 to $240.00 in a research note on Tuesday, January 9th. Mizuho increased their price target on CyberArk Software from $175.00 to $195.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Stephens lifted their price target on shares of CyberArk Software from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Friday, November 3rd. Wedbush lifted their price target on CyberArk Software from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Friday, November 3rd. Finally, Oppenheimer increased their target price on CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $250.91.
CyberArk Software Stock Performance
Hedge Funds Weigh In On CyberArk Software
Several institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Intech Investment Management LLC lifted its position in shares of CyberArk Software by 103.2% in the second quarter. Intech Investment Management LLC now owns 6,453 shares of the technology company’s stock worth $1,009,000 after purchasing an additional 3,278 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter valued at $217,000. M&T Bank Corp boosted its stake in shares of CyberArk Software by 9.2% during the 3rd quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock valued at $446,000 after buying an additional 230 shares during the period. Trillium Asset Management LLC grew its holdings in shares of CyberArk Software by 17.6% during the 3rd quarter. Trillium Asset Management LLC now owns 45,524 shares of the technology company’s stock valued at $7,456,000 after acquiring an additional 6,816 shares in the last quarter. Finally, Lisanti Capital Growth LLC increased its stake in shares of CyberArk Software by 539.5% in the third quarter. Lisanti Capital Growth LLC now owns 60,725 shares of the technology company’s stock worth $9,945,000 after acquiring an additional 51,230 shares during the last quarter. 92.14% of the stock is currently owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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