Cyberark Software Ltd (CYBR) PT Lowered to $61.00

Cyberark Software Ltd (NASDAQ:CYBR) had its price target cut by Piper Jaffray Companies from $63.00 to $61.00 in a research report report published on Friday morning. They currently have an overweight rating on the technology company’s stock.

CYBR has been the subject of a number of other reports. Summit Redstone downgraded Cyberark Software from a buy rating to a hold rating and set a $50.00 price objective for the company. in a research report on Friday, May 12th. Evercore ISI restated an in-line rating and set a $60.00 price objective on shares of Cyberark Software in a research report on Friday, May 12th. Vetr upgraded Cyberark Software from a hold rating to a buy rating and set a $54.18 price objective for the company in a research report on Monday, February 20th. Imperial Capital raised their price objective on Cyberark Software from $55.00 to $63.00 and gave the stock an outperform rating in a research report on Friday, February 10th. Finally, Needham & Company LLC assumed coverage on Cyberark Software in a research report on Tuesday, March 28th. They set a buy rating and a $62.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Cyberark Software has a consensus rating of Buy and a consensus price target of $56.91.

Cyberark Software (NASDAQ:CYBR) opened at 46.72 on Friday. Cyberark Software has a 52-week low of $41.38 and a 52-week high of $59.28. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 59.90 and a beta of 2.86. The stock’s 50 day moving average price is $52.11 and its 200 day moving average price is $50.75.

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Large investors have recently made changes to their positions in the stock. MARSHALL WACE ASIA Ltd purchased a new stake in shares of Cyberark Software during the first quarter worth approximately $56,420,000. Marshall Wace North America L.P. purchased a new stake in shares of Cyberark Software during the first quarter worth approximately $56,420,000. Ameriprise Financial Inc. boosted its stake in shares of Cyberark Software by 3.9% in the first quarter. Ameriprise Financial Inc. now owns 1,001,178 shares of the technology company’s stock worth $50,930,000 after buying an additional 37,788 shares during the period. Jennison Associates LLC boosted its stake in shares of Cyberark Software by 62.8% in the first quarter. Jennison Associates LLC now owns 959,820 shares of the technology company’s stock worth $48,826,000 after buying an additional 370,293 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Cyberark Software by 90.3% in the third quarter. Morgan Stanley now owns 835,848 shares of the technology company’s stock worth $41,432,000 after buying an additional 396,608 shares during the period. 72.53% of the stock is owned by hedge funds and other institutional investors.

About Cyberark Software

CyberArk Software Ltd. is a 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 Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, Endpoint Privilege Manager and On-Demand Privileges Manager.

5 Day Chart for NASDAQ:CYBR

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