CyberArk Software Ltd. (NASDAQ:CYBR) has been given a consensus recommendation of “Hold” by the twenty-six brokerages that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, twelve have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $51.23.

Several research analysts have recently commented on the company. Summit Redstone lowered CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Friday, May 12th. Bank of America Corporation lowered CyberArk Software from a “buy” rating to an “underperform” rating and reduced their price target for the stock from $62.00 to $43.00 in a report on Friday, May 12th. Imperial Capital lowered CyberArk Software from an “outperform” rating to an “in-line” rating and reduced their price target for the stock from $63.00 to $55.00 in a report on Friday, May 12th. Evercore ISI reiterated an “in-line” rating and set a $60.00 price target on shares of CyberArk Software in a report on Friday, May 12th. Finally, Piper Jaffray Companies reduced their price target on CyberArk Software from $63.00 to $61.00 and set an “overweight” rating on the stock in a report on Friday, May 12th.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Congress Asset Management Co. MA grew its position in CyberArk Software by 29.6% in the 1st quarter. Congress Asset Management Co. MA now owns 173,931 shares of the technology company’s stock valued at $8,848,000 after acquiring an additional 39,727 shares in the last quarter. Credit Suisse AG grew its position in CyberArk Software by 17.9% in the 1st quarter. Credit Suisse AG now owns 210,016 shares of the technology company’s stock valued at $10,684,000 after acquiring an additional 31,889 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in CyberArk Software by 61.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 82,640 shares of the technology company’s stock valued at $4,204,000 after acquiring an additional 31,532 shares in the last quarter. Nationwide Fund Advisors grew its position in CyberArk Software by 30.2% in the 1st quarter. Nationwide Fund Advisors now owns 24,570 shares of the technology company’s stock valued at $1,250,000 after acquiring an additional 5,700 shares in the last quarter. Finally, Nicholas Company Inc. grew its position in CyberArk Software by 23.4% in the 1st quarter. Nicholas Company Inc. now owns 92,450 shares of the technology company’s stock valued at $4,702,000 after acquiring an additional 17,510 shares in the last quarter. 81.74% of the stock is owned by institutional investors.

CyberArk Software (CYBR) opened at 40.64 on Wednesday. The company has a market cap of $1.20 billion, a PE ratio of 52.17 and a beta of 2.58. The firm’s 50-day moving average is $40.97 and its 200-day moving average is $47.85. CyberArk Software has a 52-week low of $39.34 and a 52-week high of $59.28.

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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