CyberArk Software (NASDAQ:CYBR) Price Target Raised to $355.00 at KeyCorp

CyberArk Software (NASDAQ:CYBR) had its price target increased by KeyCorp from $340.00 to $355.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. KeyCorp’s target price would indicate a potential upside of 21.74% from the company’s current price.

A number of other equities analysts have also issued reports on CYBR. BTIG Research increased their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Oppenheimer boosted their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group raised their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Needham & Company LLC reiterated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Finally, Barclays lifted their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $316.19.

CyberArk Software Trading Down 3.0 %

CYBR stock opened at $291.61 on Thursday. The firm’s 50-day moving average is $283.33 and its two-hundred day moving average is $266.24. The company has a market capitalization of $12.71 billion, a price-to-earnings ratio of -911.28 and a beta of 1.13. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently bought and sold shares of the business. Financial Counselors Inc. acquired a new stake in shares of CyberArk Software in the third quarter worth about $218,000. Public Sector Pension Investment Board raised its stake in shares of CyberArk Software by 25.3% in the 3rd quarter. Public Sector Pension Investment Board now owns 22,294 shares of the technology company’s stock valued at $6,501,000 after acquiring an additional 4,500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in CyberArk Software by 3.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,725 shares of the technology company’s stock worth $9,543,000 after purchasing an additional 1,232 shares during the last quarter. MetLife Investment Management LLC boosted its position in CyberArk Software by 5.4% during the third quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock worth $1,137,000 after purchasing an additional 200 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in CyberArk Software during the third quarter worth approximately $2,245,000. 91.84% of the stock is currently owned by 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.