CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by M&T Bank Corp

M&T Bank Corp cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,568 shares of the technology company’s stock after selling 525 shares during the period. M&T Bank Corp’s holdings in CyberArk Software were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CYBR. Assetmark Inc. boosted its stake in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in shares of CyberArk Software by 50.6% in the third quarter. Venturi Wealth Management LLC now owns 753 shares of the technology company’s stock worth $220,000 after acquiring an additional 253 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CyberArk Software by 6.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 76,326 shares of the technology company’s stock worth $22,257,000 after acquiring an additional 4,800 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of CyberArk Software by 5.5% in the third quarter. Oppenheimer Asset Management Inc. now owns 14,066 shares of the technology company’s stock worth $4,102,000 after acquiring an additional 733 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in CyberArk Software by 87.7% during the third quarter. Oppenheimer & Co. Inc. now owns 3,155 shares of the technology company’s stock worth $920,000 after buying an additional 1,474 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Royal Bank of Canada lifted their price objective on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Finally, KeyCorp lifted their price objective on CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Price Performance

CYBR opened at $322.14 on Friday. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of -165.20 and a beta of 1.06. The business has a fifty day moving average price of $363.85 and a 200 day moving average price of $320.51.

CyberArk Software (NASDAQ:CYBR) last released its 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Profile

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.