Interval Partners LP purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 69,145 shares of the technology company's stock, valued at approximately $9,560,000. Interval Partners LP owned about 0.05% of Check Point Software Technologies as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of Check Point Software Technologies by 2.1% during the 1st quarter. BlackRock Inc. now owns 5,885,211 shares of the technology company's stock worth $813,690,000 after purchasing an additional 118,649 shares during the last quarter. Nordea Investment Management AB raised its holdings in Check Point Software Technologies by 11.7% in the 1st quarter. Nordea Investment Management AB now owns 3,303,458 shares of the technology company's stock valued at $459,379,000 after acquiring an additional 345,565 shares during the last quarter. Boston Partners raised its holdings in Check Point Software Technologies by 17,268.0% in the 1st quarter. Boston Partners now owns 1,873,144 shares of the technology company's stock valued at $259,013,000 after acquiring an additional 1,862,359 shares during the last quarter. Credit Suisse AG raised its holdings in Check Point Software Technologies by 0.7% in the 4th quarter. Credit Suisse AG now owns 792,550 shares of the technology company's stock valued at $92,380,000 after acquiring an additional 5,285 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Check Point Software Technologies by 20.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 759,775 shares of the technology company's stock valued at $105,047,000 after acquiring an additional 128,833 shares during the last quarter. Institutional investors and hedge funds own 67.03% of the company's stock.
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NASDAQ:CHKP opened at $121.67 on Friday. The stock has a market capitalization of $15.26 billion, a P/E ratio of 20.14, a PEG ratio of 2.60 and a beta of 0.61. The company has a 50 day moving average price of $122.51 and a 200 day moving average price of $128.47. Check Point Software Technologies Ltd. has a fifty-two week low of $107.85 and a fifty-two week high of $149.62.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The technology company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.02. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The firm had revenue of $571.10 million during the quarter, compared to analysts' expectations of $560.40 million. During the same quarter last year, the company posted $1.41 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. Research analysts forecast that Check Point Software Technologies Ltd. will post 6.29 earnings per share for the current fiscal year.Analyst Ratings Changes
A number of research firms have commented on CHKP. Piper Sandler cut their price objective on shares of Check Point Software Technologies from $130.00 to $120.00 in a report on Wednesday, July 13th. Barclays cut their price objective on shares of Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating for the company in a report on Tuesday, August 2nd. BMO Capital Markets cut their price target on shares of Check Point Software Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a report on Tuesday, August 2nd. Bank of America upgraded shares of Check Point Software Technologies from an "underperform" rating to a "buy" rating and raised their price target for the stock from $130.00 to $140.00 in a report on Wednesday, July 20th. Finally, Jefferies Financial Group cut their price target on shares of Check Point Software Technologies from $145.00 to $130.00 in a report on Monday, May 23rd. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $138.00.
About Check Point Software Technologies
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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.
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