Nebula Research & Development LLC Has $228,000 Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nebula Research & Development LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 85.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,219 shares of the technology company's stock after selling 7,083 shares during the quarter. Nebula Research & Development LLC's holdings in Check Point Software Technologies were worth $228,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors lifted 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 worth $5,609,000 after buying an additional 1,278 shares in the last quarter. Crux Wealth Advisors bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $542,000. Truist Financial Corp raised its position in Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after purchasing an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. increased its stake in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after buying an additional 2,478 shares during the period. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies in the fourth quarter valued at about $476,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

CHKP traded up $2.61 on Monday, hitting $220.16. 729,212 shares of the company were exchanged, compared to its average volume of 775,877. The stock's fifty day moving average is $220.18 and its 200-day moving average is $202.24. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The company has a market cap of $24.21 billion, a PE ratio of 29.47, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. The company had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 EPS. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHKP. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their target price for the company from $221.00 to $255.00 in a research note on Wednesday, February 26th. Truist Financial reaffirmed a "buy" rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Scotiabank reduced their price target on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Arete Research raised Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Finally, Mizuho boosted 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. Eighteen analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and a consensus 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.