Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2,704.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,304,551 shares of the technology company's stock after acquiring an additional 1,258,034 shares during the period. Victory Capital Management Inc. owned 1.19% of Check Point Software Technologies worth $297,333,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CHKP. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 4th quarter worth about $29,000. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies in the 1st quarter worth about $37,000. Quarry LP boosted its stake in 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, Abound Financial LLC acquired a new stake in Check Point Software Technologies in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. Stephens decreased their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Morgan Stanley reduced their price objective on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Wedbush reaffirmed an "outperform" rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Finally, Cantor Fitzgerald lifted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Wednesday. Sixteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $234.24.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $0.43 during trading on Friday, reaching $217.90. The stock had a trading volume of 253,494 shares, compared to its average volume of 888,360. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35. The stock has a market cap of $23.96 billion, a PE ratio of 28.75, a P/E/G ratio of 3.12 and a beta of 0.64. The firm's 50 day moving average price is $222.37 and its two-hundred day moving average price is $215.77.

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 earnings per share for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The business had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same period in the previous year, the business earned $2.04 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. On average, 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.