CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating restated by equities research analysts at Stifel Nicolaus in a research note issued on Friday. They currently have a $55.00 price objective on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 23.60% from the stock’s previous close.

CYBR has been the topic of several other reports. BidaskClub downgraded CyberArk Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. ValuEngine downgraded CyberArk Software from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of CyberArk Software in a report on Tuesday, September 12th. Zacks Investment Research upgraded 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 dropped their price objective for the stock from $60.00 to $45.00 in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $49.85.

CyberArk Software (NASDAQ CYBR) traded up $3.03 during mid-day trading on Friday, reaching $44.50. The company’s stock had a trading volume of 559,007 shares, compared to its average volume of 586,686. The company has a market cap of $1.60 billion, a PE ratio of 72.02 and a beta of 2.56.

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Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in CyberArk Software during the 1st quarter valued at approximately $102,000. Societe Generale acquired a new position in CyberArk Software during the 2nd quarter valued at approximately $126,000. Public Employees Retirement Association of Colorado acquired a new position in CyberArk Software during the 2nd quarter valued at approximately $136,000. BNP Paribas Arbitrage SA boosted its position in CyberArk Software by 198.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock valued at $190,000 after purchasing an additional 2,524 shares during the period. Finally, Advisor Group Inc. boosted its position in CyberArk Software by 6.4% during the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock valued at $193,000 after purchasing an additional 232 shares during the period. Institutional investors and hedge funds own 81.44% of the company’s stock.

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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