CyberArk Software (NASDAQ:CYBR – Get Free Report) had its target price boosted by stock analysts at Mizuho from $250.00 to $310.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Mizuho’s price objective suggests a potential upside of 10.20% from the company’s previous close.
A number of other equities research analysts have also recently commented on CYBR. Wells Fargo & Company increased their target price on shares of CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Needham & Company LLC upped their price target on shares of CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial upped their price target on shares of CyberArk Software from $210.00 to $250.00 and gave the company a “buy” rating in a research note on Tuesday, January 16th. Wedbush upped their price target on shares of CyberArk Software from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Friday, November 3rd. Finally, JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $207.00 to $248.00 and gave the company an “overweight” rating in a research note on Monday, December 11th. Two research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $250.91.
CyberArk Software Trading Up 7.5 %
Hedge Funds Weigh In On CyberArk Software
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Desjardins Global Asset Management Inc. purchased a new position in CyberArk Software during the second quarter valued at $34,000. Assetmark Inc. lifted its holdings in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares in the last quarter. 1832 Asset Management L.P. purchased a new position in CyberArk Software during the fourth quarter valued at $33,000. UniSuper Management Pty Ltd purchased a new position in CyberArk Software during the second quarter valued at $47,000. Finally, Covestor Ltd purchased a new position in CyberArk Software during the first quarter valued at $73,000. 92.14% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Company Profile
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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