32,026 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 32,026 shares of the technology company's stock, valued at approximately $5,979,000.

Other institutional investors have also modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies during the 4th quarter worth about $25,000. GAMMA Investing LLC increased its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Quarry LP increased its position in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after acquiring an additional 103 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 1.2%

Shares of Check Point Software Technologies stock traded up $2.58 during mid-day trading on Friday, hitting $218.68. 519,217 shares of the stock were exchanged, compared to its average volume of 779,230. The stock has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a 50-day simple moving average of $219.48 and a 200 day simple moving average of $203.05.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its 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 firm had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. Check Point Software Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.04 EPS. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of several recent research reports. Roth Capital initiated coverage on Check Point Software Technologies in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target on the stock. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. StockNews.com upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday. 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. Finally, Barclays boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research report on Thursday, January 30th. Sixteen research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $232.04.

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.