Handelsbanken Fonder AB boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 23.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,654 shares of the technology company’s stock after acquiring an additional 3,354 shares during the period. Handelsbanken Fonder AB’s holdings in Check Point Software Technologies were worth $2,441,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Tcwp LLC bought a new position in Check Point Software Technologies during the 1st quarter worth $26,000. AdvisorNet Financial Inc increased its position in Check Point Software Technologies by 107.0% during the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock worth $33,000 after buying an additional 122 shares during the period. MV Capital Management Inc. bought a new position in Check Point Software Technologies during the 1st quarter worth $45,000. Sageworth Trust Co of South Dakota bought a new position in Check Point Software Technologies during the 4th quarter worth $49,000. Finally, West Bancorporation Inc. bought a new position in Check Point Software Technologies during the 1st quarter worth $66,000. Institutional investors own 91.96% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CHKP. Piper Sandler reduced their target price on Check Point Software Technologies from $130.00 to $120.00 in a report on Wednesday, July 13th. Bank of America raised Check Point Software Technologies from an “underperform” rating to a “buy” rating and increased their target price for the stock from $130.00 to $140.00 in a report on Wednesday, July 20th. Barclays reduced their target price on Check Point Software Technologies from $145.00 to $140.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 2nd. Jefferies Financial Group reduced their target price on Check Point Software Technologies from $145.00 to $130.00 in a report on Monday, May 23rd. Finally, BMO Capital Markets reduced their target price on Check Point Software Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Tuesday, August 2nd. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $138.00.
Check Point Software Technologies Trading Down 0.8 %
Shares of CHKP stock opened at $121.68 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $107.85 and a 12 month high of $149.62. The firm has a market capitalization of $15.26 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 2.65 and a beta of 0.60. The business’s 50-day moving average price is $122.80 and its 200-day moving average price is $129.21.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last issued its quarterly earnings data on Monday, August 1st. The technology company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.62 by $0.02. Check Point Software Technologies had a return on equity of 25.49% and a net margin of 35.15%. The company had revenue of $571.10 million during the quarter, compared to the consensus estimate of $560.40 million. During the same period last year, the company earned $1.41 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 6.29 earnings per share for the current fiscal 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 portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
See Also
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