M&T Bank Corp Has $499,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

M&T Bank Corp lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,478 shares of the technology company’s stock after selling 90 shares during the quarter. M&T Bank Corp’s holdings in CyberArk Software were worth $499,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CYBR. TD Private Client Wealth LLC boosted its position in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Golden State Wealth Management LLC boosted its position in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its position in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after acquiring an additional 46 shares during the last quarter. Bessemer Group Inc. boosted its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after acquiring an additional 80 shares during the last quarter. Finally, Graney & King LLC acquired a new position in CyberArk Software during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CYBR shares. Morgan Stanley reiterated an “equal weight” rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Roth Capital started coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a “buy” rating and a $415.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Barclays upped their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Stephens started coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 price target on the stock. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $418.04.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $377.97 on Thursday. The firm has a market capitalization of $18.68 billion, a PE ratio of -203.21 and a beta of 1.00. The business has a 50 day simple moving average of $383.71 and a two-hundred day simple moving average of $363.30. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. CyberArk Software’s quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

About CyberArk Software

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.