CyberArk Software (NASDAQ:CYBR – Free Report) had its target price upped by Susquehanna from $255.00 to $310.00 in a report published on Friday morning, Benzinga reports. They currently have a positive rating on the technology company’s stock.
A number of other equities research analysts also recently issued reports on CYBR. UBS Group boosted their price target on CyberArk Software from $215.00 to $260.00 and gave the company a buy rating in a research report on Wednesday, January 10th. Oppenheimer boosted their price target on CyberArk Software from $195.00 to $260.00 and gave the company an outperform rating in a research report on Monday, January 8th. Wedbush boosted their price target on CyberArk Software from $185.00 to $200.00 and gave the company an outperform rating in a research report on Friday, November 3rd. Stephens upped their target price on CyberArk Software from $210.00 to $220.00 and gave the stock an overweight rating in a research report on Friday, November 3rd. Finally, Wells Fargo & Company upped their target price on CyberArk Software from $250.00 to $275.00 and gave the stock an overweight rating in a research report on Monday, January 29th. Two analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $250.91.
CyberArk Software Stock Down 3.9 %
Hedge Funds Weigh In On CyberArk Software
Several hedge funds have recently bought and sold shares of CYBR. Schulz Wealth LTD. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at about $350,000. Evoke Wealth LLC acquired a new stake in CyberArk Software during the fourth quarter worth about $3,495,000. TD Asset Management Inc grew its position in CyberArk Software by 2.6% during the fourth quarter. TD Asset Management Inc now owns 11,330 shares of the technology company’s stock worth $2,482,000 after buying an additional 290 shares in the last quarter. Hsbc Holdings PLC lifted its stake in CyberArk Software by 80.8% during the fourth quarter. Hsbc Holdings PLC now owns 8,426 shares of the technology company’s stock worth $1,853,000 after purchasing an additional 3,766 shares during the period. Finally, Congress Wealth Management LLC DE lifted its stake in CyberArk Software by 1.9% during the fourth quarter. Congress Wealth Management LLC DE now owns 14,217 shares of the technology company’s stock worth $3,114,000 after purchasing an additional 263 shares during the period. 92.14% of the stock is owned by institutional investors and hedge funds.
About CyberArk Software
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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