7,354 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,354 shares of the technology company's stock, valued at approximately $1,373,000.

Other institutional investors have also added to or reduced their stakes in the company. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies during the 4th quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Quarry LP grew its position in shares of 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 buying an additional 103 shares during the last quarter. Finally, Menard Financial Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $41,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

CHKP has been the topic of a number of analyst reports. Guggenheim reaffirmed a "neutral" rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Morgan Stanley cut their price objective on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Finally, Roth Capital started coverage on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 target price on the stock. Sixteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Stock Performance

Shares of CHKP traded up $2.60 during trading hours on Friday, hitting $226.99. The stock had a trading volume of 1,131,162 shares, compared to its average volume of 785,687. The firm has a 50-day moving average price of $219.04 and a 200 day moving average price of $206.80. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36. The firm has a market capitalization of $24.97 billion, a price-to-earnings ratio of 30.39, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. The company 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 32.97% and a return on equity of 32.40%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.04 EPS. As a group, analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.