Susquehanna Increases CyberArk Software (NASDAQ:CYBR) Price Target to $310.00

CyberArk Software (NASDAQ:CYBRGet Free Report) had its price objective lifted by equities research analysts at Susquehanna from $255.00 to $310.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “positive” rating on the technology company’s stock. Susquehanna’s price target points to a potential upside of 10.20% from the company’s current price.

CYBR has been the topic of a number of other research reports. Rosenblatt Securities increased their price target on shares of CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp increased their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday. JMP Securities increased their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Company increased their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Needham & Company LLC increased their price target on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $250.91.

Check Out Our Latest Stock Report on CyberArk Software

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $281.31 on Friday. The company has a quick ratio of 2.22, a current ratio of 2.22 and a debt-to-equity ratio of 0.79. The company has a market cap of $11.54 billion, a P/E ratio of -119.20 and a beta of 1.06. CyberArk Software has a fifty-two week low of $120.11 and a fifty-two week high of $281.72. The firm’s 50 day moving average is $220.81 and its two-hundred day moving average is $186.15.

Hedge Funds Weigh In On CyberArk Software

Institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its position in shares of CyberArk Software by 21.0% in the 2nd quarter. Lazard Asset Management LLC now owns 1,557,966 shares of the technology company’s stock worth $243,556,000 after purchasing an additional 269,922 shares during the last quarter. RGM Capital LLC increased its position in shares of CyberArk Software by 2.7% in the 2nd quarter. RGM Capital LLC now owns 1,235,708 shares of the technology company’s stock worth $193,178,000 after purchasing an additional 32,400 shares during the last quarter. First Trust Advisors LP increased its position in shares of CyberArk Software by 8.3% in the 1st quarter. First Trust Advisors LP now owns 1,129,744 shares of the technology company’s stock worth $190,644,000 after purchasing an additional 86,160 shares during the last quarter. Jennison Associates LLC increased its position in shares of CyberArk Software by 81.4% in the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after purchasing an additional 472,961 shares during the last quarter. Finally, Brown Capital Management LLC increased its position in shares of CyberArk Software by 2.8% in the 2nd quarter. Brown Capital Management LLC now owns 1,043,586 shares of the technology company’s stock worth $163,144,000 after purchasing an additional 28,732 shares during the last quarter. Institutional investors and hedge funds own 92.14% of the company’s stock.

About CyberArk Software

(Get Free Report)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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