Piper Jaffray Companies set a $47.00 target price on CyberArk Software Ltd. (NASDAQ:CYBR) in a research report released on Monday morning. The firm currently has a buy rating on the technology company’s stock.
CYBR has been the subject of several other reports. BidaskClub cut shares of CyberArk Software from a strong-buy rating to a buy rating in a research report on Tuesday, July 11th. ValuEngine cut shares of CyberArk Software from a hold rating to a sell rating in a research report on Friday, September 1st. Needham & Company LLC reaffirmed a buy rating and issued a $55.00 target price on shares of CyberArk Software in a research report on Tuesday, September 12th. Zacks Investment Research raised shares of CyberArk Software from a sell rating to a hold rating in a research report on Friday, September 15th. Finally, Deutsche Bank AG cut shares of CyberArk Software from a buy rating to a hold rating and dropped their target price for the stock from $60.00 to $45.00 in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $50.39.
CyberArk Software (NASDAQ:CYBR) opened at 43.83 on Monday. The stock’s 50 day moving average is $41.96 and its 200 day moving average is $46.03. CyberArk Software has a one year low of $39.34 and a one year high of $56.25. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 56.26 and a beta of 2.57.
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A number of large investors have recently added to or reduced their stakes in CYBR. Swiss National Bank increased its stake in CyberArk Software by 1.1% during the 1st quarter. Swiss National Bank now owns 35,900 shares of the technology company’s stock valued at $1,826,000 after purchasing an additional 400 shares in the last quarter. Parametric Portfolio Associates LLC bought a new stake in CyberArk Software during the 1st quarter valued at about $662,000. JPMorgan Chase & Co. increased its stake in CyberArk Software by 64.6% during the 1st quarter. JPMorgan Chase & Co. now owns 22,375 shares of the technology company’s stock valued at $1,138,000 after purchasing an additional 8,783 shares in the last quarter. SG Americas Securities LLC bought a new stake in CyberArk Software during the 1st quarter valued at about $102,000. Finally, Credit Agricole S A bought a new stake in CyberArk Software during the 1st quarter valued at about $1,515,000. Institutional investors and hedge funds own 79.77% of the company’s stock.
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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