CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Decreased by M&T Bank Corp

M&T Bank Corp decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,093 shares of the technology company’s stock after selling 57 shares during the period. M&T Bank Corp’s holdings in CyberArk Software were worth $610,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its stake in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software in the 2nd quarter valued at about $39,000. Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the 3rd quarter valued at about $51,000. Arcadia Investment Management Corp MI raised its stake in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares during the period. Finally, DT Investment Partners LLC bought a new position in CyberArk Software in the second quarter worth about $78,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.4 %

CYBR opened at $317.82 on Wednesday. The firm has a market cap of $13.85 billion, a PE ratio of 1,177.11 and a beta of 1.13. The business has a fifty day simple moving average of $304.41 and a 200-day simple moving average of $280.31. CyberArk Software Ltd. has a fifty-two week low of $205.59 and a fifty-two week high of $333.32.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.31) EPS. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CYBR shares. Oppenheimer upped their target price on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. JMP Securities increased their target price on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Truist Financial reiterated a “buy” rating and issued a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Piper Sandler lifted their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $335.11.

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.