Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 807.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,811 shares of the technology company's stock after acquiring an additional 22,967 shares during the quarter. Check Point Software Technologies comprises approximately 1.1% of Ninety One SA PTY Ltd's holdings, making the stock its 26th biggest holding. Ninety One SA PTY Ltd's holdings in Check Point Software Technologies were worth $5,886,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies during the 4th quarter valued at $25,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth $29,000. Quarry LP increased its stake in Check Point Software Technologies by 100.0% during the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after buying an additional 103 shares during the period. Abound Financial LLC purchased a new stake in Check Point Software Technologies during the 1st quarter worth $40,000. Finally, Menard Financial Group LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth $41,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CHKP shares. Roth Capital started coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price target on the stock. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Scotiabank dropped their price target on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $230.00 to $260.00 in a research report on Thursday, March 27th. Finally, Mizuho boosted their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $232.44.

Check Point Software Technologies Stock Down 0.3%

Check Point Software Technologies stock opened at $222.99 on Tuesday. The firm has a 50-day moving average price of $221.96 and a two-hundred day moving average price of $214.35. The firm has a market capitalization of $24.52 billion, a price-to-earnings ratio of 29.42, a PEG ratio of 3.20 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $167.54 and a 52-week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 EPS. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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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