Pacer Advisors Inc. boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 895.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 846 shares of the technology company’s stock after buying an additional 761 shares during the quarter. Pacer Advisors Inc.’s holdings in Check Point Software Technologies were worth $107,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CHKP. Massachusetts Financial Services Co. MA boosted its position in shares of Check Point Software Technologies by 20.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,631,197 shares of the technology company’s stock worth $854,846,000 after buying an additional 1,280,868 shares during the period. Great West Life Assurance Co. Can bought a new position in shares of Check Point Software Technologies in the third quarter valued at $35,461,000. Cadinha & Co. LLC increased its holdings in shares of Check Point Software Technologies by 6,981.7% in the fourth quarter. Cadinha & Co. LLC now owns 191,207 shares of the technology company’s stock valued at $24,123,000 after buying an additional 188,507 shares in the last quarter. Pictet Asset Management SA raised its stake in Check Point Software Technologies by 246.4% during the 3rd quarter. Pictet Asset Management SA now owns 251,329 shares of the technology company’s stock valued at $26,031,000 after purchasing an additional 178,781 shares during the period. Finally, Boston Partners raised its stake in Check Point Software Technologies by 5.9% during the 3rd quarter. Boston Partners now owns 2,486,020 shares of the technology company’s stock valued at $278,811,000 after purchasing an additional 138,970 shares during the period. 64.76% of the stock is owned by institutional investors.
Check Point Software Technologies Stock Performance
Shares of CHKP stock opened at $120.96 on Monday. The company has a market capitalization of $14.61 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.32 and a beta of 0.68. The company has a 50-day simple moving average of $127.77 and a 200-day simple moving average of $127.74. Check Point Software Technologies Ltd. has a 52 week low of $107.54 and a 52 week high of $135.93.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last announced its earnings results on Monday, May 1st. The technology company reported $1.80 EPS for the quarter, topping the consensus estimate of $1.49 by $0.31. The business had revenue of $566.20 million during the quarter, compared to the consensus estimate of $568.83 million. Check Point Software Technologies had a net margin of 34.49% and a return on equity of 28.35%. Check Point Software Technologies’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 EPS. Sell-side analysts forecast that Check Point Software Technologies Ltd. will post 6.97 EPS for the current year.
Analyst Upgrades and Downgrades
CHKP has been the topic of several recent analyst reports. Wells Fargo & Company raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and set a $130.00 target price on the stock in a research note on Tuesday, January 17th. BTIG Research cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Tuesday, May 2nd. Citigroup decreased their price objective on shares of Check Point Software Technologies from $129.00 to $125.00 in a report on Tuesday, May 2nd. Royal Bank of Canada decreased their price target on shares of Check Point Software Technologies from $135.00 to $132.00 in a report on Tuesday, May 2nd. Finally, StockNews.com initiated coverage on shares of Check Point Software Technologies in a research report on Thursday, March 16th. They set a “buy” rating for the company. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $134.09.
About Check Point Software Technologies
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Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.
See Also
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