Charles Schwab Investment Management Inc. Has $8.63 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Charles Schwab Investment Management Inc. raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 5.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,600 shares of the technology company’s stock after buying an additional 1,557 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CyberArk Software were worth $8,632,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new position in shares of CyberArk Software during the 2nd quarter worth $33,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $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 during the 2nd quarter worth $39,000. Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth $51,000. Finally, Arcadia Investment Management Corp MI increased its stake 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 worth $50,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CYBR. Oppenheimer increased their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. BTIG Research increased their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Wedbush raised their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $312.13 on Wednesday. The company has a 50-day moving average of $300.33 and a 200-day moving average of $277.29. The company has a market capitalization of $13.60 billion, a price-to-earnings 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.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same period last year, the firm earned ($0.31) EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. Sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current 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.