Headlands Technologies LLC Buys 455 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Headlands Technologies LLC boosted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,419 shares of the technology company’s stock after purchasing an additional 455 shares during the quarter. Headlands Technologies LLC’s holdings in Check Point Software Technologies were worth $370,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CHKP. Concord Wealth Partners acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $25,000. CNB Bank acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $30,000. Salem Investment Counselors Inc. lifted its stake in Check Point Software Technologies by 483.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after buying an additional 237 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in Check Point Software Technologies in the third quarter valued at approximately $49,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CHKP. Truist Financial boosted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. BMO Capital Markets upped their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Mizuho reaffirmed a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Royal Bank of Canada upped their target price on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Finally, Citigroup upped their target price on Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $164.00.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $151.20 on Friday. The company has a market capitalization of $18.26 billion, a PE ratio of 21.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The business has a fifty day moving average price of $161.41 and a two-hundred day moving average price of $153.01. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 31.30% and a net margin of 34.33%. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

About Check Point Software Technologies

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.