Sphera Funds Management LTD. Sells 4,580 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sphera Funds Management LTD. lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 11.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 35,635 shares of the technology company's stock after selling 4,580 shares during the period. Check Point Software Technologies accounts for approximately 1.2% of Sphera Funds Management LTD.'s holdings, making the stock its 26th biggest position. Sphera Funds Management LTD.'s holdings in Check Point Software Technologies were worth $6,653,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CHKP. Barclays PLC raised its stake in Check Point Software Technologies by 6.0% during the 3rd quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after purchasing an additional 4,522 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Check Point Software Technologies by 13.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock valued at $1,093,000 after buying an additional 675 shares in the last quarter. Claro Advisors LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $260,000. Miracle Mile Advisors LLC lifted its holdings in shares of Check Point Software Technologies by 3.6% in the fourth quarter. Miracle Mile Advisors LLC now owns 2,498 shares of the technology company's stock worth $466,000 after buying an additional 86 shares in the last quarter. Finally, Signal Advisors Wealth LLC lifted its holdings in shares of Check Point Software Technologies by 5.6% in the fourth quarter. Signal Advisors Wealth LLC now owns 2,087 shares of the technology company's stock worth $390,000 after buying an additional 110 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports 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. Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Truist Financial reiterated a "buy" rating and issued a $250.00 target price (up from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Susquehanna increased their price target on Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research note on Friday, January 31st. Finally, Barclays lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Stock Up 0.8%

Shares of Check Point Software Technologies stock opened at $216.10 on Friday. The stock's fifty day moving average is $219.48 and its two-hundred day moving average is $203.05. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36. The company has a market capitalization of $23.77 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66.

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 (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during 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 business's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 earnings per share. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.

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