Stifel Financial Corp Purchases 2,153 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Stifel Financial Corp lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,651 shares of the technology company's stock after acquiring an additional 2,153 shares during the quarter. Stifel Financial Corp's holdings in Check Point Software Technologies were worth $2,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CHKP. Norges Bank acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $428,820,000. Clearbridge Investments LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth $100,456,000. Causeway Capital Management LLC raised its position in Check Point Software Technologies by 33.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after acquiring an additional 487,823 shares in the last quarter. Altshuler Shaham Ltd acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $73,186,000. Finally, First Trust Advisors LP increased its stake in shares of Check Point Software Technologies by 17.4% during the 4th 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 during the last quarter. Institutional investors own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price target on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Barclays increased their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "equal weight" rating in a research note on Thursday, January 30th. Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Susquehanna increased their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research report on Friday, January 31st. Finally, Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Price Performance

CHKP stock traded down $3.08 during midday trading on Friday, reaching $217.59. 643,265 shares of the stock were exchanged, compared to its average volume of 780,835. The stock has a market capitalization of $23.93 billion, a PE ratio of 29.13, a P/E/G ratio of 3.41 and a beta of 0.66. 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 fifty day moving average price of $220.18 and a 200 day moving average price of $202.75.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data 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. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same quarter last year, the business earned $2.04 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.