Caas Capital Management LP bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 2,600 shares of the technology company’s stock, valued at approximately $397,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CHKP. Bruce G. Allen Investments LLC bought a new position in Check Point Software Technologies in the fourth quarter worth $30,000. Salem Investment Counselors Inc. lifted its holdings in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after acquiring an additional 237 shares during the period. Operose Advisors LLC bought a new position in shares of Check Point Software Technologies during the third quarter valued at $55,000. Y.D. More Investments Ltd lifted its holdings in shares of Check Point Software Technologies by 37.0% during the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after acquiring an additional 135 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at $92,000. 87.62% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
CHKP has been the subject of a number of analyst reports. KeyCorp raised Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. TD Cowen lifted their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Mizuho reissued a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Finally, Barclays lifted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $169.18.
Check Out Our Latest Stock Report on CHKP
Check Point Software Technologies Trading Down 0.3 %
Check Point Software Technologies stock opened at $157.56 on Friday. The firm has a market capitalization of $17.79 billion, a P/E ratio of 21.88, a PEG ratio of 2.46 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1 year low of $122.86 and a 1 year high of $168.82. The business has a 50-day moving average of $154.65 and a 200-day moving average of $156.33.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last posted its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. Research analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.
About Check Point Software Technologies
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, endpoint, cloud, workloads, Internet of Things, and mobile.
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