CyberArk Software Ltd. (NASDAQ:CYBR) was upgraded by stock analysts at Bank of America Corporation from an “underperform” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

CYBR has been the topic of a number of other reports. Stifel Nicolaus reissued a “buy” rating and set a $55.00 target price (down from $62.00) on shares of CyberArk Software in a research report on Friday, July 14th. Piper Jaffray Companies reissued an “overweight” rating and set a $51.00 target price (down from $61.00) on shares of CyberArk Software in a research report on Friday, July 14th. ValuEngine cut shares of CyberArk Software from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Imperial Capital reduced their target price on shares of CyberArk Software from $55.00 to $42.00 and set an “in-line” rating on the stock 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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.85.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, November 2nd. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.06. CyberArk Software had a net margin of 11.93% and a return on equity of 9.13%. The business had revenue of $64.80 million for the quarter, compared to analysts’ expectations of $62.65 million. During the same period in the previous year, the company posted $0.33 earnings per share. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year.

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Several institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in shares of CyberArk Software by 24.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,020,569 shares of the technology company’s stock worth $136,350,000 after acquiring an additional 600,917 shares during the last quarter. BT Investment Management Ltd bought a new position in shares of CyberArk Software during the second quarter worth about $92,355,000. Matrix Capital Management Company LP bought a new position in shares of CyberArk Software during the second quarter worth about $74,650,000. Marshall Wace North America L.P. grew its position in shares of CyberArk Software by 29.6% during the second quarter. Marshall Wace North America L.P. now owns 1,434,065 shares of the technology company’s stock worth $71,703,000 after acquiring an additional 327,794 shares during the last quarter. Finally, Wasatch Advisors Inc. grew its position in shares of CyberArk Software by 23.9% during the second quarter. Wasatch Advisors Inc. now owns 1,359,629 shares of the technology company’s stock worth $67,913,000 after acquiring an additional 262,189 shares during the last quarter. Institutional investors and hedge funds own 81.44% 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.

The Fly

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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