Latest Stocks: Cyberark Software Ltd (CYBR) Rating Lowered to Hold at Summit Redstone

Latest Stocks: Cyberark Software Ltd (CYBR) Rating Lowered to Hold at Summit Redstone

Cyberark Software Ltd (NASDAQ:CYBR) was downgraded by research analysts at Summit Redstone from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday, May 12th. They presently have a $50.00 target price on the technology company’s stock. Summit Redstone’s price objective suggests a potential upside of 2.69% from the company’s current price.

Several other equities research analysts also recently weighed in on CYBR. Zacks Investment Research downgraded shares of Cyberark Software from a “hold” rating to a “sell” rating in a research report on Tuesday, January 17th. Imperial Capital boosted their target price on shares of Cyberark Software from $55.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, February 10th. Piper Jaffray Companies set a $63.00 target price on shares of Cyberark Software and gave the stock a “buy” rating in a research report on Saturday, February 11th. Stifel Nicolaus initiated coverage on shares of Cyberark Software in a research report on Monday, February 13th. They issued a “buy” rating and a $62.00 target price for the company. Finally, Vetr lowered shares of Cyberark Software from a “strong-buy” rating to a “hold” rating and set a $54.18 price target for the company. in a report on Monday, February 13th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Cyberark Software has an average rating of “Buy” and an average price target of $57.43.

Cyberark Software (NASDAQ:CYBR) opened at 48.69 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of 55.97 and a beta of 2.86. Cyberark Software has a 1-year low of $44.13 and a 1-year high of $59.28. The firm has a 50-day moving average of $50.93 and a 200 day moving average of $50.57.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Cyberark Software by 2.6% in the first quarter. Vanguard Group Inc. now owns 11,598 shares of the technology company’s stock worth $590,000 after buying an additional 293 shares during the last quarter. Van ECK Associates Corp raised its position in Cyberark Software by 4.3% in the fourth quarter. Van ECK Associates Corp now owns 7,575 shares of the technology company’s stock worth $345,000 after buying an additional 314 shares during the last quarter. Swiss National Bank raised its position in Cyberark Software by 1.1% in the first quarter. Swiss National Bank now owns 35,900 shares of the technology company’s stock worth $1,826,000 after buying an additional 400 shares during the last quarter. US Bancorp DE raised its position in Cyberark Software by 7.3% in the first quarter. US Bancorp DE now owns 6,959 shares of the technology company’s stock worth $354,000 after buying an additional 476 shares during the last quarter. Finally, Brown Capital Management LLC raised its position in Cyberark Software by 2.6% in the fourth quarter. Brown Capital Management LLC now owns 36,155 shares of the technology company’s stock worth $1,645,000 after buying an additional 915 shares during the last quarter. 72.53% of the stock is owned by hedge funds and other institutional investors.

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