JPMorgan analyst Sterling Auty doubled upgraded CyberArk (CYBR) to Overweight from Underweight saying the stock is down 45% since February compared to unchanged for the index of security peers. Around $39 per share, the valuation offers an attractive entry point, Auty tells investors in a research note. He points out his firm's 2016 security survey indicates that privileged account security is the number one priority for next year's spending. The analyst coupled the upgrade with a downgrade of Qualys (QLYS) to Underweight. CyberArk closed yesterday down $1.13 to $38.91.