CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies in a research report issued to clients and investors on Friday. They presently have a $50.00 price objective on the technology company’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 12.08% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research raised CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Evercore ISI reissued a “buy” rating and issued a $56.00 target price (down from $60.00) on shares of CyberArk Software in a report on Friday, July 14th. J P Morgan Chase & Co cut CyberArk Software from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $63.00 to $45.00 in a report on Friday, July 14th. ValuEngine cut CyberArk Software from a “hold” rating to a “sell” rating in a report on Friday, September 1st. Finally, BidaskClub cut CyberArk Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. CyberArk Software presently has an average rating of “Hold” and an average price target of $49.91.

CyberArk Software (CYBR) traded up $3.14 during trading on Friday, reaching $44.61. The company’s stock had a trading volume of 731,433 shares, compared to its average volume of 586,686. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 72.02, a PEG ratio of 4.13 and a beta of 2.56.

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A number of institutional investors and hedge funds have recently made changes to their positions in CYBR. BT Investment Management Ltd bought a new position in CyberArk Software in the 2nd quarter valued at $92,355,000. Matrix Capital Management Company LP bought a new position in CyberArk Software in the 2nd quarter valued at $74,650,000. ETF Managers Group LLC bought a new position in CyberArk Software in the 2nd quarter valued at $44,112,000. Epoch Investment Partners Inc. bought a new position in CyberArk Software in the 2nd quarter valued at $37,195,000. Finally, Menora Mivtachim Holdings LTD. bought a new position in CyberArk Software in the 2nd quarter valued at $28,313,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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