CyberArk Software’s (CYBR) “Overweight” Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald restated their overweight rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note published on Thursday,Benzinga reports. They currently have a $335.00 target price on the technology company’s stock.

Other analysts also recently issued reports about the company. Citigroup boosted their target price on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. KeyCorp increased their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday. UBS Group lifted their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday. DA Davidson upped their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Scotiabank began coverage on shares of CyberArk Software in a research note on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price objective for the company. One research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Trading Up 1.3 %

CYBR stock opened at $305.27 on Thursday. The firm has a 50 day moving average of $285.06 and a 200-day moving average of $267.09. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 1,130.67 and a beta of 1.13. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16.

Hedge Funds Weigh In On CyberArk Software

A number of large investors have recently modified their holdings of CYBR. Mather Group LLC. purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $27,000. ORG Partners LLC acquired a new position in CyberArk Software during the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software during the second quarter worth approximately $39,000. Assetmark Inc. increased its position in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. 91.84% 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 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.