CyberArk Software Ltd. (NASDAQ:CYBR) had its target price cut by Oppenheimer Holdings, Inc. from $60.00 to $51.00 in a report released on Friday. They currently have an outperform rating on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. Stephens cut shares of CyberArk Software from an overweight rating to an equal weight rating and reduced their target price for the company from $60.00 to $42.00 in a research note on Friday. Deutsche Bank AG cut shares of CyberArk Software from a buy rating to a hold rating and reduced their target price for the company from $60.00 to $45.00 in a research note on Friday. J P Morgan Chase & Co cut shares of CyberArk Software from an overweight rating to a neutral rating and reduced their target price for the company from $63.00 to $45.00 in a research note on Friday. Evercore ISI reiterated a buy rating and issued a $56.00 target price (down previously from $60.00) on shares of CyberArk Software in a research note on Friday. Finally, Zacks Investment Research upgraded shares of CyberArk Software from a sell rating to a hold rating in a research note on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $51.17.

Shares of CyberArk Software (NASDAQ:CYBR) traded down 0.66% during mid-day trading on Friday, reaching $42.40. The company had a trading volume of 2,693,847 shares. The company’s 50-day moving average price is $48.75 and its 200-day moving average price is $50.35. The company has a market capitalization of $1.25 billion, a PE ratio of 48.74 and a beta of 2.66. CyberArk Software has a 52-week low of $41.32 and a 52-week high of $59.28.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark laws. The legal version of this article can be accessed at https://www.dailypolitical.com/2017/07/17/cyberark-software-ltd-nasdaqcybr-price-target-cut-to-51-00-by-analysts-at-oppenheimer-holdings-inc.html.

Several hedge funds have recently bought and sold shares of CYBR. American Capital Management Inc. raised its stake in CyberArk Software by 144.0% in the first quarter. American Capital Management Inc. now owns 240,640 shares of the technology company’s stock valued at $12,241,000 after buying an additional 142,030 shares during the last quarter. Nationwide Fund Advisors raised its stake in CyberArk Software by 30.2% in the first quarter. Nationwide Fund Advisors now owns 24,570 shares of the technology company’s stock valued at $1,250,000 after buying an additional 5,700 shares during the last quarter. Columbus Circle Investors raised its stake in CyberArk Software by 171.0% in the first quarter. Columbus Circle Investors now owns 36,201 shares of the technology company’s stock valued at $1,842,000 after buying an additional 22,845 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in CyberArk Software during the first quarter valued at $259,000. Finally, Eastern Bank purchased a new stake in CyberArk Software during the first quarter valued at $203,000. 77.51% of the stock is owned by institutional investors.

CyberArk Software Company 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.

Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

Receive News & Ratings for CyberArk Software Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.