Siemens Fonds Invest GmbH purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,354 shares of the technology company's stock, valued at approximately $1,373,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CHKP. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth $25,000. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth $29,000. Golden State Wealth Management LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth $35,000. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth $35,000. Finally, Quarry LP increased its stake in Check Point Software Technologies by 100.0% during the fourth 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. Institutional investors and hedge funds own 98.51% of the company's stock.
Analysts Set New Price Targets
CHKP has been the subject of several recent analyst reports. Mizuho raised their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Baird R W raised Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Wedbush reissued an "outperform" rating and set a $240.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Finally, Arete Research raised Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Sixteen 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $232.04.
Check Out Our Latest Stock Report on Check Point Software Technologies
Check Point Software Technologies Stock Up 0.4%
CHKP stock traded up $1.01 during trading on Monday, hitting $229.89. The company had a trading volume of 474,315 shares, compared to its average volume of 781,015. The firm has a market cap of $25.28 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1-year low of $148.33 and a 1-year high of $234.36. The firm has a 50-day moving average price of $219.08 and a 200-day moving average price of $207.60.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping 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 company had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same quarter in the previous year, the firm posted $2.04 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.
Check Point Software Technologies Profile
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Free Report)
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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