Cyberark Software Ltd (NASDAQ:CYBR) had its price objective dropped by equities researchers at UBS Group AG (USA) from $52.00 to $50.00 in a report released on Friday, www.benzinga.com reports. The brokerage currently has a “neutral” rating on the technology company’s stock. UBS Group AG (USA)’s price target indicates a potential upside of 12.08% from the stock’s previous close.

A number of other equities analysts have also recently commented on CYBR. BidaskClub cut shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Evercore ISI set a $56.00 target price on shares of Cyberark Software and gave the company a “buy” rating in a report on Wednesday, August 9th. TheStreet cut shares of Cyberark Software from a “c” rating to a “d+” rating in a report on Thursday, August 10th. Summit Redstone raised shares of Cyberark Software from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. Finally, Bank of America Corporation raised shares of Cyberark Software from an “underperform” rating to a “neutral” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $49.91.

Shares of Cyberark Software (NASDAQ CYBR) traded up $3.14 during trading on Friday, hitting $44.61. 731,456 shares of the stock were exchanged, compared to its average volume of 584,634. The firm has a market cap of $1.55 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 4.13 and a beta of 2.56. Cyberark Software has a fifty-two week low of $39.34 and a fifty-two week high of $56.25.

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Several hedge funds and other institutional investors have recently modified their holdings of CYBR. SG Americas Securities LLC purchased a new stake in shares of Cyberark Software during the 1st quarter worth $102,000. BNP Paribas Arbitrage SA boosted its position in shares of Cyberark Software by 198.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,796 shares of the technology company’s stock worth $190,000 after purchasing an additional 2,524 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Cyberark Software by 6.4% during the 2nd quarter. Advisor Group Inc. now owns 3,874 shares of the technology company’s stock worth $193,000 after purchasing an additional 232 shares in the last quarter. Legal & General Group Plc purchased a new stake in shares of Cyberark Software during the 1st quarter worth $250,000. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of Cyberark Software by 26.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company’s stock worth $250,000 after purchasing an additional 1,048 shares in the last quarter. Institutional investors 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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