Cyberark Software (NASDAQ:CYBR) was upgraded by research analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Thursday.

Several other brokerages have also commented on CYBR. Barclays lifted their target price on Cyberark Software from $66.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Morgan Stanley lifted their target price on Cyberark Software from $65.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Dougherty & Co lifted their target price on Cyberark Software from $64.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Cyberark Software from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Friday. Finally, ValuEngine upgraded Cyberark Software from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $70.00.

Shares of Cyberark Software traded up $1.26, hitting $71.15, during mid-day trading on Thursday, according to Marketbeat Ratings. The stock had a trading volume of 682,920 shares, compared to its average volume of 545,429. The firm has a market cap of $2.46 billion, a price-to-earnings ratio of 97.47, a PEG ratio of 5.65 and a beta of 1.96. Cyberark Software has a fifty-two week low of $39.34 and a fifty-two week high of $71.30.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, August 7th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12. The company had revenue of $77.71 million during the quarter, compared to analyst estimates of $72.93 million. Cyberark Software had a return on equity of 7.91% and a net margin of 6.80%. sell-side analysts forecast that Cyberark Software will post 0.66 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in CYBR. BlackRock Inc. boosted its position in Cyberark Software by 11.3% during the 4th quarter. BlackRock Inc. now owns 469,286 shares of the technology company’s stock valued at $19,423,000 after purchasing an additional 47,568 shares during the period. Geode Capital Management LLC boosted its position in Cyberark Software by 28.5% during the 4th quarter. Geode Capital Management LLC now owns 29,043 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 6,441 shares during the period. Renaissance Technologies LLC acquired a new position in Cyberark Software during the 4th quarter valued at approximately $3,784,000. Goldman Sachs Group Inc. boosted its position in Cyberark Software by 7.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 40,144 shares of the technology company’s stock valued at $1,662,000 after purchasing an additional 2,795 shares during the period. Finally, Two Sigma Advisers LP acquired a new position in Cyberark Software during the 4th quarter valued at approximately $803,000. Institutional investors and hedge funds own 78.27% of the company’s stock.

Cyberark Software Company Profile

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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