CyberArk Software Ltd. (NASDAQ:CYBR) had its price target lowered by equities researchers at UBS AG from $52.00 to $50.00 in a research report issued on Friday, November 3rd, www.benzinga.com reports. The brokerage presently has a “neutral” rating on the technology company’s stock. UBS AG’s target price would indicate a potential upside of 5.95% from the stock’s previous close.
Other research analysts have also issued research reports about the company. BidaskClub lowered CyberArk Software from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. ValuEngine lowered 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 CyberArk Software from a “sell” rating to a “hold” rating in a report on Friday, September 15th. Finally, Deutsche Bank AG downgraded CyberArk Software from a “buy” rating to a “hold” rating and decreased their target price for the company from $60.00 to $45.00 in a research note on Friday, July 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.91.
CyberArk Software (CYBR) traded up $0.17 during midday trading on Friday, hitting $47.19. The stock had a trading volume of 419,791 shares, compared to its average volume of 632,038. CyberArk Software has a fifty-two week low of $39.34 and a fifty-two week high of $55.65. The firm has a market cap of $1,640.00, a price-to-earnings ratio of 71.66, a P/E/G ratio of 3.76 and a beta of 2.56.
Institutional investors have recently added to or reduced their stakes in the stock. Credit Suisse AG grew its stake in CyberArk Software by 17.9% in the 1st quarter. Credit Suisse AG now owns 210,016 shares of the technology company’s stock valued at $10,684,000 after buying an additional 31,889 shares in the last quarter. Nicholas Company Inc. boosted its holdings in CyberArk Software by 15.6% in the 2nd quarter. Nicholas Company Inc. now owns 106,835 shares of the technology company’s stock valued at $5,336,000 after purchasing an additional 14,385 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in CyberArk Software in the 2nd quarter valued at $8,521,000. Matrix Capital Management Company LP bought a new position in CyberArk Software in the 2nd quarter valued at $74,650,000. Finally, Bank of Nova Scotia bought a new position in CyberArk Software in the 2nd quarter valued at $345,000. Institutional investors and hedge funds own 65.51% 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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