Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Concentric Capital Strategies LP

Concentric Capital Strategies LP raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 324.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,013 shares of the technology company's stock after buying an additional 38,985 shares during the quarter. Concentric Capital Strategies LP's holdings in Check Point Software Technologies were worth $9,524,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth $35,000. Quarry LP raised its stake in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after buying an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded down $0.04 during mid-day trading on Monday, hitting $218.29. The company had a trading volume of 441,690 shares, compared to its average volume of 779,599. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The stock's 50 day moving average price is $220.18 and its 200-day moving average price is $202.74. The company has a market capitalization of $24.01 billion, a P/E ratio of 29.17, a P/E/G ratio of 3.41 and a beta of 0.66.

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

Analysts Set New Price Targets

Several research firms recently issued reports on CHKP. Susquehanna lifted their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Jefferies Financial Group upped their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Scotiabank dropped their target price on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a report on Thursday, April 24th. Finally, Citigroup upped their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a research note on Friday, January 17th. Eighteen 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, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus target price of $232.04.

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.