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

Concentric Capital Strategies LP grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 324.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,013 shares of the technology company's stock after acquiring an additional 38,985 shares during the period. 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 institutional investors have also modified their holdings of the business. CoreCap Advisors LLC raised its position in Check Point Software Technologies by 262.9% during the 4th quarter. CoreCap Advisors LLC now owns 14,480 shares of the technology company's stock worth $2,703,000 after purchasing an additional 10,490 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Check Point Software Technologies by 1.5% during the 4th quarter. Cetera Investment Advisers now owns 63,528 shares of the technology company's stock worth $11,861,000 after purchasing an additional 917 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Check Point Software Technologies by 7.4% during the 4th quarter. Captrust Financial Advisors now owns 10,511 shares of the technology company's stock valued at $1,962,000 after purchasing an additional 722 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $451,000. Finally, Baird Financial Group Inc. boosted its stake in shares of Check Point Software Technologies by 7.2% in the 4th quarter. Baird Financial Group Inc. now owns 10,774 shares of the technology company's stock valued at $2,012,000 after purchasing an additional 724 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CHKP shares. Compass Point set a $260.00 price target on Check Point Software Technologies in a report on Thursday, March 27th. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a report on Monday, January 27th. Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Finally, Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Trading Up 0.3 %

Shares of CHKP opened at $220.84 on Wednesday. The firm has a market cap of $24.29 billion, a PE ratio of 29.56, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The company's 50 day simple moving average is $220.25 and its 200-day simple moving average is $202.47. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36.

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, beating the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 EPS. As a group, equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Check Point Software Technologies 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.

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