Victory Capital Management Inc. raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 20.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 63,411 shares of the technology company’s stock after purchasing an additional 10,878 shares during the period. Victory Capital Management Inc.’s holdings in Check Point Software Technologies were worth $8,000,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Voya Investment Management LLC lifted its position in shares of Check Point Software Technologies by 32.8% in the fourth quarter. Voya Investment Management LLC now owns 246,607 shares of the technology company’s stock valued at $31,112,000 after acquiring an additional 60,854 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of Check Point Software Technologies by 252.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,463 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 6,063 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $28,000. TAM Capital Management Inc. purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $69,967,000. Finally, United Capital Financial Advisers LLC lifted its stake in shares of Check Point Software Technologies by 92.8% during the fourth quarter. United Capital Financial Advisers LLC now owns 159,660 shares of the technology company’s stock valued at $20,143,000 after buying an additional 76,837 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.
Wall Street Analyst Weigh In
CHKP has been the topic of several recent analyst reports. StockNews.com began coverage on shares of Check Point Software Technologies in a research note on Thursday, May 18th. They set a “buy” rating on the stock. Mizuho reduced their target price on Check Point Software Technologies from $135.00 to $130.00 in a research report on Tuesday, May 2nd. Stifel Nicolaus initiated coverage on Check Point Software Technologies in a research report on Monday, May 8th. They set a “hold” rating and a $130.00 target price on the stock. Wolfe Research initiated coverage on shares of Check Point Software Technologies in a research note on Monday, April 17th. They set an “outperform” rating and a $151.00 price target on the stock. Finally, Wedbush cut their price target on shares of Check Point Software Technologies from $145.00 to $135.00 in a research note on Tuesday, May 2nd. Three equity research analysts have rated the stock with a sell rating, fifteen have been given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $133.91.
Check Point Software Technologies Stock Performance
NASDAQ:CHKP opened at $126.06 on Monday. Check Point Software Technologies Ltd. has a one-year low of $107.54 and a one-year high of $135.93. The business’s 50-day simple moving average is $124.83 and its 200-day simple moving average is $126.89. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 2.46 and a beta of 0.69.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last released its quarterly 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. Check Point Software Technologies has a return on equity of 28.35% and a net margin of 34.49%. The business had revenue of $566.20 million for the quarter, compared to analysts’ expectations of $568.83 million. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equity research analysts predict that Check Point Software Technologies Ltd. will post 6.99 EPS for the current year.
Check Point Software Technologies Profile
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Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a multilevel security architecture, cloud, network, mobile devices, endpoints information, and IOT solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber-attacks across various networks, endpoints, cloud, workloads, Internet of Things, and mobile.
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