Bank of America Corporation upgraded shares of CyberArk Software Ltd. (NASDAQ:CYBR) from an underperform rating to a neutral rating in a research report released on Thursday, November 2nd, MarketBeat reports.
CYBR has been the subject of a number of other research reports. Stifel Nicolaus reaffirmed a buy rating and set a $55.00 price objective (down previously from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Piper Jaffray Companies reaffirmed an overweight rating and set a $51.00 price objective (down previously from $61.00) on shares of CyberArk Software in a research report on Friday, July 14th. ValuEngine lowered shares of CyberArk Software from a hold rating to a sell rating in a research report on Friday, September 1st. Imperial Capital cut their price objective on shares of CyberArk Software from $55.00 to $42.00 and set an in-line rating for the company in a research report on Friday, July 14th. Finally, BidaskClub raised shares of CyberArk Software from a buy rating to a strong-buy rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average price target of $49.91.
CyberArk Software (NASDAQ CYBR) opened at $47.02 on Thursday. The company has a market cap of $1,593.25, a PE ratio of 71.66, a PEG ratio of 3.76 and a beta of 2.56. CyberArk Software has a 52-week low of $39.34 and a 52-week high of $55.65.
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A number of institutional investors have recently modified their holdings of the business. Cetera Advisors LLC grew its stake in CyberArk Software by 419.1% during the third quarter. Cetera Advisors LLC now owns 30,215 shares of the technology company’s stock worth $1,243,000 after buying an additional 24,394 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in CyberArk Software during the third quarter worth about $7,159,000. Granahan Investment Management Inc. MA grew its stake in CyberArk Software by 23.3% during the third quarter. Granahan Investment Management Inc. MA now owns 53,758 shares of the technology company’s stock worth $2,204,000 after buying an additional 10,144 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in CyberArk Software during the third quarter worth about $33,626,000. Finally, Asset Management One Co. Ltd. grew its stake in CyberArk Software by 122.5% during the third quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock worth $174,000 after buying an additional 2,340 shares during the last quarter. 65.51% of the stock is currently owned by hedge funds and other institutional investors.
About CyberArk Software
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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