Charles Schwab Investment Management Inc. Buys 1,138 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Charles Schwab Investment Management Inc. lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 30,738 shares of the technology company’s stock after acquiring an additional 1,138 shares during the period. Charles Schwab Investment Management Inc.’s holdings in CyberArk Software were worth $10,240,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CYBR. Nepsis Inc. lifted its stake in shares of CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after buying an additional 505,088 shares during the period. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after buying an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after buying an additional 336,462 shares during the period. Swedbank AB lifted its stake in shares of CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after buying an additional 87,201 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd lifted its stake in shares of CyberArk Software by 138.8% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company’s stock valued at $47,724,000 after buying an additional 83,252 shares during the period. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CYBR. Wells Fargo & Company increased their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research report on Monday, January 27th. Oppenheimer increased their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Piper Sandler increased their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $351.76 on Friday. The firm has a market cap of $17.39 billion, a P/E ratio of -180.39 and a beta of 1.06. The firm has a 50 day simple moving average of $364.16 and a 200 day simple moving average of $323.42. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company 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.