2,300 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,300 shares of the technology company's stock, valued at approximately $429,000.

A number of other large investors have also recently modified their holdings of the company. AdvisorShares Investments LLC bought a new stake in Check Point Software Technologies during the 4th quarter valued at $497,000. Northern Trust Corp grew its position in shares of Check Point Software Technologies by 43.6% during the 4th quarter. Northern Trust Corp now owns 802,042 shares of the technology company's stock worth $149,741,000 after buying an additional 243,658 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at $4,055,000. Quarry LP raised its holdings in shares of Check Point Software Technologies by 100.0% in the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after acquiring an additional 103 shares in the last quarter. Finally, Aquatic Capital Management LLC lifted its stake in Check Point Software Technologies by 66.5% in the fourth quarter. Aquatic Capital Management LLC now owns 67,084 shares of the technology company's stock worth $12,525,000 after acquiring an additional 26,784 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded down $3.38 during midday trading on Wednesday, hitting $214.49. The company's stock had a trading volume of 580,276 shares, compared to its average volume of 781,677. The company has a market cap of $23.59 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The business's 50 day simple moving average is $219.98 and its 200 day simple moving average is $202.91.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million during the quarter, compared to analyst estimates 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 period in the prior year, the business earned $2.04 earnings per share. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Truist Financial restated a "buy" rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. StockNews.com raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday. Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Seventeen equities 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's stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and a consensus price target of $232.04.

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.