CyberArk Software (NASDAQ:CYBR) Rating Reiterated by Needham & Company LLC

CyberArk Software (NASDAQ:CYBRGet Free Report)‘s stock had its “buy” rating reiterated by research analysts at Needham & Company LLC in a report issued on Monday, Benzinga reports. They currently have a $310.00 target price on the technology company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 26.10% from the company’s current price.

Other analysts also recently issued research reports about the stock. KeyCorp increased their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, February 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. Bank of America reiterated a “buy” rating and issued a $315.00 price objective on shares of CyberArk Software in a report on Wednesday, April 24th. Mizuho increased their price objective on shares of CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, DA Davidson cut their price target on shares of CyberArk Software from $300.00 to $275.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.63.

Check Out Our Latest Research Report on CyberArk Software

CyberArk Software Trading Down 1.5 %

CYBR stock opened at $245.84 on Monday. The company has a market cap of $10.39 billion, a price-to-earnings ratio of -384.13 and a beta of 1.06. CyberArk Software has a 12 month low of $142.92 and a 12 month high of $283.00. The firm has a 50-day moving average of $249.58 and a two-hundred day moving average of $232.59.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently modified their holdings of CYBR. Teacher Retirement System of Texas lifted its position in shares of CyberArk Software by 62.3% during the 3rd quarter. Teacher Retirement System of Texas now owns 3,404 shares of the technology company’s stock worth $557,000 after purchasing an additional 1,307 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in CyberArk Software by 9.8% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 13,366 shares of the technology company’s stock worth $2,189,000 after acquiring an additional 1,198 shares in the last quarter. M&T Bank Corp raised its stake in CyberArk Software by 9.2% during the 3rd quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock worth $446,000 after acquiring an additional 230 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in CyberArk Software by 9.3% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,691 shares of the technology company’s stock worth $277,000 after acquiring an additional 144 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd raised its stake in CyberArk Software by 14.1% during the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 5,479 shares of the technology company’s stock worth $897,000 after acquiring an additional 679 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

About CyberArk Software

(Get Free Report)

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.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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