Shares of CyberArk Software Ltd. (NASDAQ:CYBR) traded up 3.5% on Friday . The stock traded as high as $53.20 and last traded at $53.17, with a volume of 314,298 shares. The stock had previously closed at $51.38.

Several analysts have recently weighed in on the company. Imperial Capital boosted their price target on CyberArk Software from $41.00 to $45.00 and gave the stock an “in-line” rating in a report on Thursday, May 19th. Nomura Holdings Inc. upgraded CyberArk Software from a “neutral” rating to a “buy” rating in a report on Monday, March 28th. Barclays PLC reduced their price target on CyberArk Software from $67.00 to $52.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 1st. DA Davidson restated a “neutral” rating and set a $51.00 price target (up from $42.00) on shares of CyberArk Software in a report on Friday, July 8th. Finally, Summit Research restated a “buy” rating on shares of CyberArk Software in a report on Wednesday, June 29th. Seven research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. CyberArk Software has an average rating of “Buy” and an average target price of $57.74.

The firm has a 50-day moving average price of $49.20 and a 200 day moving average price of $42.79. The stock has a market cap of $1.59 billion and a P/E ratio of 73.63.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, May 5th. The company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.07. During the same period in the previous year, the business earned $0.16 EPS. The business earned $46.91 million during the quarter, compared to analyst estimates of $43.38 million. The firm’s revenue for the quarter was up 42.5% compared to the same quarter last year. On average, equities research analysts predict that CyberArk Software Ltd. will post $0.92 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its position in shares of CyberArk Software by 24.8% in the fourth quarter. Wells Fargo & Company MN now owns 3,020,569 shares of the company’s stock worth $136,350,000 after buying an additional 600,917 shares during the period. First Trust Advisors LP raised its position in shares of CyberArk Software by 58.2% in the fourth quarter. First Trust Advisors LP now owns 76,591 shares of the company’s stock worth $3,457,000 after buying an additional 28,175 shares during the period. Century Capital Management LLC raised its position in shares of CyberArk Software by 419.3% in the fourth quarter. Century Capital Management LLC now owns 589,684 shares of the company’s stock worth $26,618,000 after buying an additional 476,134 shares during the period. Stephens Investment Management Group LLC raised its position in shares of CyberArk Software by 3.9% in the fourth quarter. Stephens Investment Management Group LLC now owns 318,750 shares of the company’s stock worth $14,388,000 after buying an additional 11,960 shares during the period. Finally, Redwood Investments LLC raised its position in shares of CyberArk Software by 57.5% in the fourth quarter. Redwood Investments LLC now owns 36,388 shares of the company’s stock worth $1,643,000 after buying an additional 13,290 shares during the period.

CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.