Cyberark Software (CYBR) PT Raised to $90.00 at UBS Group

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Cyberark Software (NASDAQ:CYBR) had its price objective upped by UBS Group from $85.00 to $90.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm currently has a “positive” rating on the technology company’s stock. UBS Group’s target price would indicate a potential upside of 16.38% from the stock’s previous close.

Several other research firms also recently weighed in on CYBR. BidaskClub upgraded Cyberark Software from a “hold” rating to a “buy” rating in a research report on Monday, October 1st. Piper Jaffray Companies lifted their target price on Cyberark Software to $90.00 and gave the stock an “overweight” rating in a research report on Monday, September 17th. Morgan Stanley upgraded Cyberark Software from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $71.00 to $92.00 in a research report on Thursday, September 27th. Zacks Investment Research downgraded Cyberark Software from a “buy” rating to a “hold” rating in a research report on Monday, August 13th. Finally, JPMorgan Chase & Co. lifted their price objective on Cyberark Software to $90.00 and gave the company an “overweight” rating in a report on Thursday. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $77.78.

NASDAQ:CYBR opened at $77.33 on Thursday. Cyberark Software has a twelve month low of $40.63 and a twelve month high of $84.21. The firm has a market cap of $2.55 billion, a PE ratio of 105.93, a price-to-earnings-growth ratio of 4.77 and a beta of 2.08.

Cyberark Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 7th. The technology company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.21. Cyberark Software had a return on equity of 9.69% and a net margin of 8.41%. The business had revenue of $84.70 million during the quarter, compared to the consensus estimate of $78.82 million. During the same period last year, the company earned $0.25 earnings per share. The business’s revenue for the quarter was up 30.7% compared to the same quarter last year. On average, equities research analysts predict that Cyberark Software will post 0.76 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in CYBR. Northern Trust Corp raised its holdings in shares of Cyberark Software by 14.8% in the first quarter. Northern Trust Corp now owns 98,392 shares of the technology company’s stock valued at $5,020,000 after acquiring an additional 12,678 shares in the last quarter. BlackRock Inc. grew its stake in Cyberark Software by 8.2% in the first quarter. BlackRock Inc. now owns 507,644 shares of the technology company’s stock valued at $25,900,000 after purchasing an additional 38,358 shares during the last quarter. UBS Group AG grew its stake in Cyberark Software by 251.4% in the first quarter. UBS Group AG now owns 59,688 shares of the technology company’s stock valued at $3,045,000 after purchasing an additional 42,704 shares during the last quarter. California State Teachers Retirement System purchased a new position in Cyberark Software in the first quarter valued at about $1,046,000. Finally, Millennium Management LLC grew its stake in Cyberark Software by 67.6% in the first quarter. Millennium Management LLC now owns 123,149 shares of the technology company’s stock valued at $6,283,000 after purchasing an additional 49,685 shares during the last quarter. Hedge funds and other institutional investors own 77.36% 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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