CyberArk Software's (CYBR) Buy Rating Reiterate at the Needham & Company LLC

Lloyd Doyle
January 21, 2018

Broadview Advisors Llc sold 318,775 shares as the company's stock declined 1.12% while stock markets rallied. The institutional investor held 21,571 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $2.85M, down from 31,037 at the end of the previous reported quarter. Kahn Brothers Group Inc who had been investing in Nam Tai Ppty for a number of months, seems to be bullish on the $457.41 million market cap company. The stock increased 0.29% or $0.35 during the last trading session, reaching $119.21. About 2.07 million shares traded. Diageo plc (NYSE:DEO) has risen 12.82% since January 20, 2017 and is uptrending. It has outperformed by 20.12% the S&P500.

Westfield Capital Management Company Lp decreased its stake in Cyberark Software Ltd (CYBR) by 2.9% based on its latest 2017Q3 regulatory filing with the SEC. Matrix Capital Management Company Lp bought 386,000 shares as the company's stock declined 11.21% while stock markets rallied. The institutional investor held 50,000 shares of the prepackaged software company at the end of 2017Q3, valued at $2.03 million, down from 79,100 at the end of the previous reported quarter. Eminence Capital Lp who had been investing in Cyberark Software Ltd for a number of months, seems to be bullish on the $1.49 billion market cap company. The stock decreased 0.89% or $0.15 during the last trading session, reaching $16.63. About 183,059 shares traded. CyberArk Software Ltd. (NASDAQ:CYBR) has risen 9.69% since January 20, 2017 and is uptrending. It has underperformed by 7.01% the S&P500.

Among 40 analysts covering Range Resources Corp. The stock has an average rating of "Hold" and a consensus target price of $49.69. Therefore 65% are positive. The firm earned "Buy" rating on Wednesday, June 29 by Summit Redstone Partners. On Tuesday, August 18 the stock rating was downgraded by Vetr to "Strong-Buy". The stock has "Buy" rating by Morgan Stanley on Friday, September 11. The rating was maintained by Stifel Nicolaus with "Buy" on Sunday, September 10. The rating was maintained by RBC Capital Markets on Thursday, July 30 with "Sector Perform". The firm has "Hold" rating given on Wednesday, September 23 by Shore Capital. The stock has "Buy" rating by Jefferies on Tuesday, August 29. Imperial Capital upgraded the stock to "Outperform" rating in Monday, November 7 report. (NASDAQ:AAPL) on Wednesday, October 26 with "Overweight" rating.


Investors sentiment decreased to 0.84 in Q3 2017. Its up 0.02, from 0.68 in 2017Q2. It dived, as 48 investors sold Monday shares while 342 reduced holdings. 37 funds opened positions while 88 raised stakes. 321.42 million shares or 4.04% more from 308.94 million shares in 2017Q2 were reported.

Since September 25, 2017, it had 0 buys, and 6 selling transactions for $6.90 million activity. Nicholas Invest Prtnrs Ltd Partnership has 779,244 shares. Muhlenkamp stated it has 147,401 shares. Cambridge Investment Research Advisors Inc. now owns 4,998 shares of the technology company's stock valued at $250,000 after purchasing an additional 1,048 shares in the last quarter. Reliance Company Of Delaware invested in 22,624 shares or 0.04% of the stock. Comm Of Vermont owns 4,905 shares or 0.06% of their U.S. portfolio. Waddell Reed Financial Incorporated holds 0.03% or 1.04 million shares. Bb&T Corporation owns 9,961 shares for 0.02% of their portfolio. Sol Cap Mngmt, a Maryland-based fund reported 5,000 shares. Noven Finance Gp Inc, a Colorado-based fund reported 4,795 shares. It also reduced its holding in Esperion Therapeutics Inc Ne (Put) (NASDAQ:ESPR) by 16,200 shares in the quarter, leaving it with 10,200 shares, and cut its stake in Digital Turbine Inc (MNDL). Monness Crespi & Hardt began coverage on Cyberark Software in a report on Monday, December 18th. They expect $0.22 earnings per share, down 26.67% or $0.08 from last year's $0.3 per share. CYBR's profit would be $7.64M giving it 48.68 P/E if the $0.22 EPS is correct. Ltd. raised its stake in shares of Cyberark Software by 122.5% in the third quarter. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Therefore 62% are positive. BidaskClub raised shares of CyberArk Software from a "buy" rating to a "strong-buy" rating in a research report on Saturday, July 1st. On Tuesday, July 11 the stock rating was maintained by BMO Capital Markets with "Buy". Furthermore, it should be noted that, in 2Q17, the company had reported the slowest revenue growth rate of 14% since its listing in Sep 2014. Needham maintained the shares of CYBR in report on Friday, November 3 with "Buy" rating. Deutsche Bank maintained the shares of CYBR in report on Friday, February 12 with "Buy" rating. JMP Securities maintained CyberArk Software Ltd. (NASDAQ:CYBR) rating on Friday, July 14. The stock of CyberArk Software Ltd. (NASDAQ:CYBR) earned "Hold" rating by Zacks on Tuesday, August 18. The firm has "Buy" rating given on Thursday, November 2 by Stifel Nicolaus. Piper Jaffray Companies dropped their price objective on shares of CyberArk Software from $63.00 to $61.00 and set an "overweight" rating on the stock in a research report on Friday, May 12th.

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