Voya Investment Management LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 42.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 453,974 shares of the technology company's stock after selling 340,564 shares during the period. Voya Investment Management LLC owned approximately 0.41% of Check Point Software Technologies worth $84,757,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $25,000. GAMMA Investing LLC increased its holdings in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at approximately $35,000. Strategic Financial Concepts LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Finally, Exchange Traded Concepts LLC increased its stake in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.
Analyst Upgrades and Downgrades
Several analysts have weighed in on the company. Roth Capital assumed coverage on Check Point Software Technologies in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Stephens lowered their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company reduced their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial reissued a "buy" rating and issued a $250.00 price target (up from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Eighteen research 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $232.04.
Check Out Our Latest Report on Check Point Software Technologies
Check Point Software Technologies Price Performance
NASDAQ CHKP traded up $0.73 on Wednesday, reaching $216.03. The company had a trading volume of 201,287 shares, compared to its average volume of 771,731. The firm has a market capitalization of $23.76 billion, a PE ratio of 28.92, a P/E/G ratio of 3.41 and a beta of 0.62. The firm has a 50-day moving average of $220.17 and a 200-day moving average of $202.07. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced 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 company had revenue of $637.80 million for 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%. Check Point Software Technologies's quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $2.04 EPS. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.
Check Point Software Technologies Profile
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Free Report)
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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