CyberArk Software Ltd. (CYBR) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of CyberArk Software Ltd. (NASDAQ:CYBR) in a report released on Friday morning. The firm currently has a $55.00 price target on the technology company’s stock.

CYBR has been the subject of several other reports. BidaskClub downgraded shares of CyberArk Software from a strong-buy rating to a buy rating in a research note on Tuesday, July 11th. ValuEngine downgraded shares of CyberArk Software from a hold rating to a sell rating in a research note on Friday, September 1st. Needham & Company LLC reiterated a buy rating and issued a $55.00 target price on shares of CyberArk Software in a research note on Tuesday, September 12th. Zacks Investment Research upgraded shares of CyberArk Software from a sell rating to a hold rating in a research note on Friday, September 15th. Finally, Deutsche Bank AG downgraded shares of CyberArk Software from a buy rating to a hold rating and cut 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, ten have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $49.91.

Shares of CyberArk Software (CYBR) traded down $1.48 during trading hours on Friday, reaching $44.61. 731,456 shares of the company traded hands, compared to its average volume of 586,686. CyberArk Software has a twelve month low of $39.34 and a twelve month high of $56.25. The firm has a market cap of $1,549.84, a P/E ratio of 69.70, a P/E/G ratio of 4.00 and a beta of 2.56.

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Several institutional investors and hedge funds have recently made changes to their positions in CYBR. Parametric Portfolio Associates LLC bought a new position in shares of CyberArk Software during the first quarter worth approximately $662,000. JPMorgan Chase & Co. increased its holdings in shares of CyberArk Software by 64.6% during the first quarter. JPMorgan Chase & Co. now owns 22,375 shares of the technology company’s stock worth $1,138,000 after purchasing an additional 8,783 shares during the period. SG Americas Securities LLC bought a new position in shares of CyberArk Software during the first quarter worth approximately $102,000. Wellington Management Group LLP increased its holdings in shares of CyberArk Software by 67.4% during the first quarter. Wellington Management Group LLP now owns 21,497 shares of the technology company’s stock worth $1,094,000 after purchasing an additional 8,653 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of CyberArk Software by 1.1% during the first quarter. Teachers Advisors LLC now owns 336,764 shares of the technology company’s stock worth $17,131,000 after purchasing an additional 3,771 shares during the period. 81.44% of the stock is currently owned by institutional investors.

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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