CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 5.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,600 shares of the technology company’s stock after purchasing an additional 1,557 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.07% of CyberArk Software worth $8,632,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Greenleaf Trust grew its position in shares of CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC grew its position in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after buying an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its position in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after buying an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI grew its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC grew its position in shares of CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CYBR shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. BTIG Research upped their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Wells Fargo & Company upped their target price on shares of CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Scotiabank initiated coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price for the company. Finally, Oppenheimer upped their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $312.13 on Wednesday. The company has a market cap of $13.60 billion, a PE ratio of 1,156.08 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $198.01 and a 52 week high of $333.32. The firm has a 50 day simple moving average of $300.33 and a 200 day simple moving average of $277.29.

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