CyberArk Software’s (CYBR) Buy Rating Reaffirmed at Guggenheim

Guggenheim restated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report sent to investors on Tuesday,Benzinga reports. Guggenheim currently has a $455.00 target price on the technology company’s stock.

Other analysts have also recently issued reports about the company. Royal Bank of Canada boosted their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Barclays boosted their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. KeyCorp upped their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Mizuho lifted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $416.67.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $352.05 on Tuesday. The firm’s fifty day moving average is $359.76 and its two-hundred day moving average is $315.87. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of -180.54 and a beta of 1.15. CyberArk Software has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, equities research analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. HighTower Advisors LLC lifted its stake in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment increased its stake in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the period. Jennison Associates LLC lifted its position in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of CyberArk Software in the third quarter valued at approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new position in shares of CyberArk Software in the fourth quarter valued at approximately $764,000. 91.84% of the stock is owned by institutional investors and hedge funds.

About CyberArk Software

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.