22,000 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Maytus Capital Management LLC

Maytus Capital Management LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 22,000 shares of the technology company's stock, valued at approximately $4,107,000.

Other hedge funds also recently made changes to their positions in the company. World Investment Advisors increased its position in Check Point Software Technologies by 4.4% during the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after purchasing an additional 1,278 shares during the period. Crux Wealth Advisors purchased a new position in Check Point Software Technologies during the 4th quarter valued at $542,000. Truist Financial Corp increased its position in Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after purchasing an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. increased its position in Check Point Software Technologies by 99.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after purchasing an additional 2,478 shares during the period. Finally, Hickory Asset Management Inc. purchased a new position in Check Point Software Technologies during the 4th quarter valued at $476,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CHKP. Stephens dropped their target price on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Roth Capital began coverage on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 target price on the stock. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $2.58 during midday trading on Friday, hitting $218.68. 519,217 shares of the company's stock traded hands, compared to its average volume of 779,744. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. 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. The firm has a fifty day moving average of $219.41 and a 200 day moving average of $203.53.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly 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 net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same quarter in the prior year, the firm earned $2.04 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.