MQS Management LLC Has $267,000 Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MQS Management LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 56.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,625 shares of the technology company’s stock after selling 2,138 shares during the quarter. MQS Management LLC’s holdings in Check Point Software Technologies were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHKP. Concord Wealth Partners bought a new position in Check Point Software Technologies in the 1st quarter worth $31,000. Richardson Financial Services Inc. bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $33,000. Salem Investment Counselors Inc. increased its position in Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after buying an additional 237 shares during the period. Y.D. More Investments Ltd boosted its position in shares of Check Point Software Technologies by 37.0% in the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after acquiring an additional 135 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth $92,000. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHKP. Susquehanna increased their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a report on Thursday. Royal Bank of Canada upped their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lifted their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday. Jefferies Financial Group raised their target price on Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Truist Financial reissued a “buy” rating and issued a $200.00 price target (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded up $0.80 during midday trading on Friday, hitting $181.97. 138,986 shares of the company traded hands, compared to its average volume of 709,768. The stock has a market cap of $20.55 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.84 and a beta of 0.62. The firm’s fifty day moving average price is $161.23 and its 200-day moving average price is $160.01. Check Point Software Technologies Ltd. has a 12 month low of $125.68 and a 12 month high of $184.67.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.70% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter in the prior year, the firm earned $1.74 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current 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 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.