Cyberark Software (CYBR) Upgraded at UBS Group

UBS Group upgraded shares of Cyberark Software (NASDAQ:CYBR) from a neutral rating to a buy rating in a research note issued to investors on Tuesday, 99wallstreet.com reports. They currently have $58.00 price objective on the technology company’s stock, up from their prior price objective of $50.00.

Other analysts have also issued reports about the company. Bank of America raised Cyberark Software from an underperform rating to a neutral rating in a research report on Thursday, November 2nd. Piper Jaffray Companies reaffirmed a buy rating and issued a $53.00 target price on shares of Cyberark Software in a research report on Friday, February 16th. Stifel Nicolaus reaffirmed a buy rating and issued a $55.00 target price on shares of Cyberark Software in a research report on Friday, November 3rd. ValuEngine lowered Cyberark Software from a hold rating to a sell rating in a research report on Friday, February 2nd. Finally, Evercore ISI reissued a buy rating on shares of Cyberark Software in a report on Thursday, February 15th. Ten analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $50.30.

Shares of Cyberark Software (NASDAQ CYBR) opened at $49.78 on Tuesday. Cyberark Software has a 12-month low of $39.34 and a 12-month high of $55.63. The company has a market capitalization of $1,707.89, a PE ratio of 75.63, a P/E/G ratio of 4.68 and a beta of 2.45.

Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 15th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.05. Cyberark Software had a return on equity of 6.88% and a net margin of 6.12%. The business had revenue of $80.37 million during the quarter, compared to analyst estimates of $75.62 million. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue was up 24.9% compared to the same quarter last year. equities analysts predict that Cyberark Software will post 0.66 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bridgecreek Investment Management LLC grew its holdings in shares of Cyberark Software by 105.3% in the fourth quarter. Bridgecreek Investment Management LLC now owns 85,750 shares of the technology company’s stock valued at $3,549,000 after acquiring an additional 43,975 shares in the last quarter. Fox Run Management L.L.C. grew its holdings in shares of Cyberark Software by 74.3% in the fourth quarter. Fox Run Management L.L.C. now owns 14,641 shares of the technology company’s stock valued at $606,000 after acquiring an additional 6,241 shares in the last quarter. Cipher Capital LP bought a new position in shares of Cyberark Software in the third quarter valued at approximately $3,184,000. Commerzbank Aktiengesellschaft FI grew its holdings in shares of Cyberark Software by 5.4% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 63,176 shares of the technology company’s stock valued at $2,590,000 after acquiring an additional 3,234 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of Cyberark Software in the second quarter valued at approximately $345,000. 76.15% of the stock is owned by hedge funds and other institutional investors.

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Cyberark Software Company Profile

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.

Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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