CyberArk Software Ltd. (CYBR) Rating Reiterated by Deutsche Bank AG
CyberArk Software Ltd. (NASDAQ:CYBR)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank AG in a research note issued to investors on Friday.
CYBR has been the subject of a number of other research reports. Pacific Crest started coverage on CyberArk Software in a research report on Thursday, September 15th. They set a “sector weight” rating for the company. Goldman Sachs Group Inc. reaffirmed a “neutral” rating on shares of CyberArk Software in a research report on Friday, September 30th. Cowen and Company initiated coverage on CyberArk Software in a research note on Monday, September 26th. They set a “market perform” rating and a $48.00 price objective for the company. Barclays PLC upgraded CyberArk Software from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $44.00 to $60.00 in a research note on Tuesday, July 5th. Finally, Nomura lifted their price objective on CyberArk Software from $60.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, September 6th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $57.41.
CyberArk Software (NASDAQ:CYBR) opened at 45.40 on Friday. CyberArk Software has a 52 week low of $31.50 and a 52 week high of $59.28. The company’s 50-day moving average price is $51.10 and its 200-day moving average price is $48.27. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 59.11 and a beta of 2.92.
CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, August 9th. The company reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.09. CyberArk Software had a return on equity of 12.54% and a net margin of 14.55%. The company earned $50.40 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter in the previous year, the firm posted $0.19 EPS. The firm’s revenue was up 38.6% compared to the same quarter last year. Equities analysts forecast that CyberArk Software will post $1.07 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of CyberArk Software by 8.7% in the first quarter. TIAA CREF Investment Management LLC now owns 156,552 shares of the company’s stock valued at $6,674,000 after buying an additional 12,486 shares in the last quarter. Teachers Advisors Inc. boosted its position in shares of CyberArk Software by 38.7% in the first quarter. Teachers Advisors Inc. now owns 221,797 shares of the company’s stock valued at $9,455,000 after buying an additional 61,937 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of CyberArk Software by 7.5% in the first quarter. JPMorgan Chase & Co. now owns 43,148 shares of the company’s stock valued at $1,839,000 after buying an additional 3,027 shares in the last quarter. Credit Agricole S A bought a new position in shares of CyberArk Software during the first quarter valued at $311,000. Finally, State Street Corp boosted its position in shares of CyberArk Software by 10.7% in the first quarter. State Street Corp now owns 35,946 shares of the company’s stock valued at $1,532,000 after buying an additional 3,485 shares in the last quarter. Institutional investors and hedge funds own 70.01% of the company’s stock.
CyberArk Software Company Profile
CyberArk Software Ltd. (CyberArk) provides information technology (IT) security solutions that protect organizations from cyber-attacks. The Company’s products include Privileged Account Security Solution and Sensitive Information Management Solution. Its Privileged Account Security Solution enables its customers to secure, manage and monitor privileged account access and activities.
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