Cantor Fitzgerald Reaffirms Overweight Rating for CyberArk Software (NASDAQ:CYBR)

CyberArk Software (NASDAQ:CYBR)‘s stock had its “overweight” rating restated by Cantor Fitzgerald in a note issued to investors on Thursday,Benzinga reports. They presently have a $335.00 target price on the technology company’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 9.74% from the stock’s previous close.

CYBR has been the topic of several other reports. Jefferies Financial Group lifted their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Rosenblatt Securities reiterated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Tuesday, August 6th. Barclays increased their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup lifted their target price on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, Scotiabank started coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target 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. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Trading Up 1.3 %

CYBR stock opened at $305.27 on Thursday. CyberArk Software has a one year low of $183.28 and a one year high of $318.16. The firm has a 50-day moving average of $284.25 and a two-hundred day moving average of $266.66. The firm has a market capitalization of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after buying an additional 9,570 shares during the last quarter. Groupama Asset Managment raised its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares during the last quarter. RGM Capital LLC boosted its holdings in shares of CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after acquiring an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC grew its position in CyberArk Software by 3.3% during the 3rd quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after acquiring an additional 14,927 shares during the last quarter. Finally, Swedbank AB grew its position in CyberArk Software by 11.1% during the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares during the last quarter. 91.84% of the stock is owned by 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.