4,638 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Contravisory Investment Management Inc.

Contravisory Investment Management Inc. acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,638 shares of the technology company's stock, valued at approximately $1,057,000.

Several other hedge funds also recently added to or reduced their stakes in CHKP. World Investment Advisors boosted its stake in Check Point Software Technologies by 4.4% in the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after acquiring an additional 1,278 shares during the period. Crux Wealth Advisors bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $542,000. Truist Financial Corp increased its stake in Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after buying an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. raised its holdings in Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after purchasing an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter worth approximately $476,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded up $0.20 during trading on Thursday, hitting $231.11. 683,550 shares of the stock traded hands, compared to its average volume of 780,433. The stock has a market cap of $25.42 billion, a P/E ratio of 30.94, a PEG ratio of 3.41 and a beta of 0.66. The company has a fifty day moving average price of $219.10 and a two-hundred day moving average price of $207.92. Check Point Software Technologies Ltd. has a twelve month low of $151.01 and a twelve month 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. 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 during the quarter, compared to analysts' expectations of $635.80 million. During the same period in the previous year, the company earned $2.04 earnings per share. The company's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHKP shares. Baird R W upgraded Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research report on Thursday, February 27th. Robert W. Baird upgraded shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Wedbush reissued an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Scotiabank lowered their price objective 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. Finally, Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a report on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target 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.