Hudson Bay Capital Management LP purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 32,026 shares of the technology company's stock, valued at approximately $5,979,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gen Wealth Partners Inc boosted its position in shares of Check Point Software Technologies by 33.1% in the fourth quarter. Gen Wealth Partners Inc now owns 4,319 shares of the technology company's stock worth $806,000 after buying an additional 1,074 shares during the period. Ellevest Inc. boosted its position in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Ellevest Inc. now owns 3,222 shares of the technology company's stock worth $602,000 after buying an additional 81 shares during the period. Fiduciary Trust Co purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth about $303,000. EP Wealth Advisors LLC boosted its position in shares of Check Point Software Technologies by 12.1% in the fourth quarter. EP Wealth Advisors LLC now owns 1,496 shares of the technology company's stock worth $279,000 after buying an additional 161 shares during the period. Finally, Concentric Capital Strategies LP boosted its position in shares of Check Point Software Technologies by 324.1% in the fourth quarter. Concentric Capital Strategies LP now owns 51,013 shares of the technology company's stock worth $9,524,000 after buying an additional 38,985 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.
Check Point Software Technologies Trading Up 1.2%
CHKP traded up $2.58 during trading hours on Friday, hitting $218.68. The company's stock had a trading volume of 519,217 shares, compared to its average volume of 779,744. 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 $24.05 billion, a PE ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66. The company has a 50-day simple moving average of $219.41 and a 200 day simple moving average of $203.75.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating 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 firm had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same period last year, the firm earned $2.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.
Analyst Ratings Changes
CHKP has been the subject of several analyst reports. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and upped their target price for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Mizuho upped their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Roth Capital began coverage on Check Point Software Technologies in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price for the company. UBS Group increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Finally, Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a report on Monday, January 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $232.04.
Read Our Latest Analysis on Check Point Software Technologies
About Check Point Software Technologies
(
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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