CyberArk Software (NASDAQ:CYBR) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of CyberArk Software (NASDAQ:CYBR) from a buy rating to a hold rating in a report issued on Friday morning.

CYBR has been the subject of several other reports. Mizuho increased their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Citigroup raised their price objective on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Robert W. Baird raised their price objective on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Wells Fargo & Company raised their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus raised their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $383.29 on Friday. The stock has a 50 day moving average price of $355.03 and a 200 day moving average price of $312.10. CyberArk Software has a 52 week low of $223.41 and a 52 week high of $421.00. The stock has a market capitalization of $16.70 billion, a PE ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, research analysts forecast that CyberArk Software will post -0.47 EPS for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares during the period. Groupama Asset Managment increased its stake in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the last quarter. Jennison Associates LLC increased its stake in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software in the 3rd quarter valued at $8,612,000. Finally, International Assets Investment Management LLC bought a new position in shares of CyberArk Software in the 3rd quarter valued at $82,485,000. Institutional investors own 91.84% of the company’s stock.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.