7,354 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 7,354 shares of the technology company's stock, valued at approximately $1,373,000.

Other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC purchased a new stake in Check Point Software Technologies during the fourth quarter worth $35,000. Quarry LP grew its position in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after buying an additional 103 shares during the period. Finally, Exchange Traded Concepts LLC increased its holdings in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. Roth Capital assumed coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target on the stock. Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a "hold" rating in a research report on Friday, January 31st. Susquehanna boosted their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a research note on Friday, January 31st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Finally, Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Trading Up 1.3%

NASDAQ:CHKP traded up $2.79 during midday trading on Thursday, reaching $223.74. The company had a trading volume of 275,991 shares, compared to its average volume of 778,856. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 3.41 and a beta of 0.66. The stock's fifty day simple moving average is $219.47 and its 200-day simple moving average is $204.32.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $635.80 million. During the same period in the prior year, the firm earned $2.04 earnings per share. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.