CyberArk Software (NASDAQ:CYBR) Upgraded to Strong-Buy at Stephens

Stephens upgraded shares of CyberArk Software (NASDAQ:CYBR) to a strong-buy rating in a research report sent to investors on Monday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on the company. Citigroup upped their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada raised their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Mizuho lifted their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $418.04.

CyberArk Software Trading Up 3.0 %

NASDAQ CYBR opened at $348.26 on Monday. The stock has a market cap of $17.21 billion, a PE ratio of -178.59 and a beta of 1.06. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The company’s 50-day moving average price is $363.73 and its 200-day moving average price is $327.66.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side analysts forecast that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares during the period. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the 4th quarter worth approximately $39,000. Graney & King LLC purchased a new position in shares of CyberArk Software during the 4th quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. lifted its stake in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

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.