Charles Schwab Investment Management Inc. Buys 3,081 Shares of CyberArk Software Ltd. $CYBR

Charles Schwab Investment Management Inc. lifted its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 10.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,819 shares of the technology company's stock after purchasing an additional 3,081 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.07% of CyberArk Software worth $11,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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 buying an additional 39 shares during the period. 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 buying an additional 46 shares during the period. 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 buying an additional 80 shares during the period. Morse Asset Management Inc acquired a new stake in CyberArk Software during the 1st quarter worth approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after buying an additional 85 shares during the period. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Robert W. Baird reiterated a "neutral" rating and set a $460.00 target price on shares of CyberArk Software in a research report on Friday, August 1st. Stifel Nicolaus reiterated a "hold" rating and set a $444.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. KeyCorp downgraded shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 31st. Scotiabank reiterated a "sector perform" rating and set a $448.00 target price (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, Needham & Company LLC boosted their price target on shares of CyberArk Software from $460.00 to $551.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $435.11.

CyberArk Software Stock Up 1.4%

Shares of NASDAQ CYBR opened at $441.24 on Monday. The company has a market capitalization of $21.81 billion, a P/E ratio of -130.93 and a beta of 0.96. CyberArk Software Ltd. has a 52-week low of $254.43 and a 52-week high of $452.00. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The company's 50 day moving average price is $400.51 and its 200-day moving average price is $373.72.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. CyberArk Software's revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.

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