Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Kiltearn Partners LLP

Kiltearn Partners LLP boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 38.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 357,400 shares of the technology company’s stock after buying an additional 98,600 shares during the quarter. Check Point Software Technologies makes up about 4.2% of Kiltearn Partners LLP’s holdings, making the stock its 7th biggest position. Kiltearn Partners LLP’s holdings in Check Point Software Technologies were worth $54,607,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CHKP. Assenagon Asset Management S.A. raised its position in shares of Check Point Software Technologies by 52.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock valued at $8,508,000 after buying an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $1,505,000. Unique Wealth Strategies LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth $1,005,000. Tritonpoint Wealth LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $2,586,000. Finally, Heritage Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $904,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CHKP shares. Scotiabank raised their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 7th. Mizuho reissued a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Truist Financial upped their price target on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, Barclays upped their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $169.18.

Check Point Software Technologies Trading Up 0.4 %

CHKP stock traded up $0.57 during trading on Monday, reaching $151.07. The stock had a trading volume of 547,377 shares, compared to its average volume of 716,731. The firm has a fifty day moving average price of $156.25 and a 200 day moving average price of $155.76. The company has a market capitalization of $17.06 billion, a P/E ratio of 20.86, a PEG ratio of 2.37 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $122.11 and a 1-year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The business had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.79 EPS for the current 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.