diff --git a/incubator/artifactory/Chart.yaml b/incubator/artifactory/Chart.yaml
index 89fe5aa2b5..f98a078e6e 100755
--- a/incubator/artifactory/Chart.yaml
+++ b/incubator/artifactory/Chart.yaml
@@ -1,6 +1,6 @@
 name: artifactory
 home: https://www.jfrog.com/artifactory/
-version: 4.14.1
+version: 4.16.0
 description: Artifactory chart for Kubernetes
 keywords:
 - artifactory
diff --git a/incubator/artifactory/README.md b/incubator/artifactory/README.md
index f9996e9db0..ec4f2fb738 100644
--- a/incubator/artifactory/README.md
+++ b/incubator/artifactory/README.md
@@ -43,7 +43,7 @@ The following tables lists the configurable parameters of the artifactory chart
 |         Parameter         |           Description             |                         Default                          |
 |---------------------------|-----------------------------------|----------------------------------------------------------|
 | `Image`                   | Container image name              | `docker.bintray.io/jfrog/artifactory-oss`                |
-| `ImageTag`                | Container image tag               | `4.14.1`                                                 |
+| `ImageTag`                | Container image tag               | `4.16.0`                                                 |
 | `ImagePullPolicy`         | Container pull policy             | `Always`                                                 |
 
 Specify each parameter using the `--set key=value[,key=value]` argument to `helm install`.
diff --git a/incubator/artifactory/templates/deployment.yaml b/incubator/artifactory/templates/deployment.yaml
index be8c69c67f..0d36c26cbd 100644
--- a/incubator/artifactory/templates/deployment.yaml
+++ b/incubator/artifactory/templates/deployment.yaml
@@ -17,7 +17,7 @@ spec:
     spec:
       containers:
       - name: {{ template "fullname" . }}
-        image: "{{default "docker.bintray.io/jfrog/artifactory-oss" .Values.image}}:{{default "4.14.1" .Values.imageTag}}"
+        image: "{{default "docker.bintray.io/jfrog/artifactory-oss" .Values.image}}:{{default "4.16.0" .Values.imageTag}}"
         imagePullPolicy: {{default "IfNotPresent" .Values.ImagePullPolicy}}
         resources:
 {{ toYaml .Values.resources | indent 10 }}
diff --git a/incubator/artifactory/values.yaml b/incubator/artifactory/values.yaml
index 8be4d538bd..422ffc9652 100644
--- a/incubator/artifactory/values.yaml
+++ b/incubator/artifactory/values.yaml
@@ -8,7 +8,7 @@ Component: "Artifactory"
 
 ## Uncomment following line if you want to run Artifactory-Pro
 #image: "docker.bintray.io/jfrog/artifactory-pro"
-imageTag: "4.14.1"
+imageTag: "4.16.0"
 imagePullPolicy: "Always"
 replicaCount: 1
 httpPort: 8081