Maytus Capital Management LLC Acquires Shares of 22,000 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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

A number of other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $428,820,000. Clearbridge Investments LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at approximately $100,456,000. Causeway Capital Management LLC boosted its stake in Check Point Software Technologies by 33.8% during the 4th quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock valued at $360,257,000 after purchasing an additional 487,823 shares during the last quarter. Altshuler Shaham Ltd purchased a new stake in Check Point Software Technologies during the 4th quarter valued at $73,186,000. Finally, First Trust Advisors LP grew its position in shares of Check Point Software Technologies by 17.4% during the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after purchasing an additional 269,925 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on CHKP. Scotiabank decreased their price objective on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Arete Research upgraded Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Citigroup upped their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. StockNews.com lowered shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Eighteen investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Trading Down 0.5%

Shares of NASDAQ:CHKP opened at $217.23 on Tuesday. 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 market capitalization of $23.89 billion, a PE ratio of 29.08, a P/E/G ratio of 3.41 and a beta of 0.66. The firm has a 50 day simple moving average of $220.09 and a 200-day simple moving average of $202.81.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million for 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 for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 earnings per share. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Check Point Software Technologies Company 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.

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