BLI Banque de Luxembourg Investments Invests $20.65 Million in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

BLI Banque de Luxembourg Investments acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 110,300 shares of the technology company's stock, valued at approximately $20,645,000. BLI Banque de Luxembourg Investments owned about 0.10% of Check Point Software Technologies as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Check Point Software Technologies during the 4th quarter valued at about $428,820,000. Causeway Capital Management LLC lifted its position in Check Point Software Technologies by 33.8% in the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after buying an additional 487,823 shares in the last quarter. First Trust Advisors LP grew its stake in Check Point Software Technologies by 17.4% in the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock valued at $340,314,000 after purchasing an additional 269,925 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Check Point Software Technologies by 10.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company's stock valued at $266,930,000 after buying an additional 136,699 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Check Point Software Technologies by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 849,546 shares of the technology company's stock valued at $158,035,000 after acquiring an additional 27,267 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 1.4 %

Shares of CHKP traded down $3.10 during mid-day trading on Friday, reaching $217.57. The company's stock had a trading volume of 340,822 shares, compared to its average volume of 777,330. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The business has a 50-day simple moving average of $220.25 and a two-hundred day simple moving average of $202.70. The stock has a market cap of $23.93 billion, a P/E ratio of 29.13, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same period in the previous year, the company posted $2.04 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. Research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

CHKP has been the topic of several analyst reports. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Baird R W raised Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a report on Thursday, January 30th. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the company from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, UBS Group upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a report on Friday, January 31st. Eighteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies Company Profile

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.