Cyberark Software (CYBR) Raised to “Buy” at UBS Group
Cyberark Software (NASDAQ:CYBR) was upgraded by equities researchers at UBS Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, www.benzinga.com reports. The brokerage presently has a $58.00 price objective on the technology company’s stock. UBS Group’s target price points to a potential upside of 21.09% from the stock’s previous close.
CYBR has been the topic of several other reports. Zacks Investment Research raised shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a report on Wednesday, November 8th. BidaskClub lowered shares of Cyberark Software from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. ValuEngine lowered shares of Cyberark Software from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Stifel Nicolaus reissued a “buy” rating and issued a $55.00 target price on shares of Cyberark Software in a report on Friday, November 3rd. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $50.00 target price on shares of Cyberark Software in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cyberark Software has a consensus rating of “Hold” and an average target price of $49.85.
Cyberark Software (NASDAQ:CYBR) traded down $0.95 during mid-day trading on Tuesday, reaching $47.90. 794,500 shares of the company’s stock traded hands, compared to its average volume of 551,067. Cyberark Software has a 52-week low of $39.34 and a 52-week high of $55.63. The company has a market cap of $1,690.00, a price-to-earnings ratio of 108.86, a P/E/G ratio of 3.35 and a beta of 2.45.
Institutional investors have recently made changes to their positions in the stock. Asset Management One Co. Ltd. grew its holdings in Cyberark Software by 122.5% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,250 shares of the technology company’s stock worth $174,000 after acquiring an additional 2,340 shares during the last quarter. Invictus RG bought a new stake in Cyberark Software during the 4th quarter worth approximately $199,000. OLD National Bancorp IN bought a new stake in Cyberark Software during the 4th quarter worth approximately $222,000. BNP Paribas Arbitrage SA grew its holdings in Cyberark Software by 45.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,507 shares of the technology company’s stock worth $226,000 after acquiring an additional 1,711 shares during the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Cyberark Software during the 4th quarter worth approximately $237,000. 76.15% of the stock is currently owned by institutional investors.
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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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