Gamble Jones Investment Counsel Boosts Stake in Cyberark Software Ltd (CYBR)
Gamble Jones Investment Counsel raised its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 18.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 23,859 shares of the technology company’s stock after purchasing an additional 3,785 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Cyberark Software were worth $988,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Bridgecreek Investment Management LLC bought a new position in shares of Cyberark Software during the 3rd quarter worth about $1,713,000. Cipher Capital LP bought a new position in shares of Cyberark Software during the 3rd quarter worth about $3,184,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Cyberark Software by 5.4% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 63,176 shares of the technology company’s stock worth $2,590,000 after purchasing an additional 3,234 shares during the period. Bank of Nova Scotia bought a new position in shares of Cyberark Software during the 2nd quarter worth about $345,000. Finally, Point72 Asset Management L.P. bought a new position in shares of Cyberark Software during the 3rd quarter worth about $7,159,000. Institutional investors own 76.59% of the company’s stock.
Several research analysts have recently issued reports on CYBR shares. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Wednesday, November 8th. Piper Jaffray Companies restated a “buy” rating and set a $50.00 price objective on shares of Cyberark Software in a report on Friday, November 3rd. Stifel Nicolaus restated a “buy” rating and set a $55.00 price objective on shares of Cyberark Software in a report on Friday, November 3rd. BidaskClub downgraded shares of Cyberark Software from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Bank of America upgraded shares of Cyberark Software from an “underperform” rating to a “neutral” rating in a report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $49.69.
Cyberark Software 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.
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