Blueshift Asset Management LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blueshift Asset Management LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,741 shares of the technology company’s stock, valued at approximately $528,000.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Check Point Software Technologies in the second quarter worth approximately $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Check Point Software Technologies during the 3rd quarter valued at $33,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $37,000. Arrow Financial Corp raised its holdings in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies during the third quarter valued at $60,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CHKP. Truist Financial upped their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Barclays decreased their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Finally, Wedbush upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Up 0.0 %

Shares of NASDAQ CHKP opened at $181.55 on Thursday. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The stock has a 50 day moving average of $189.67 and a 200-day moving average of $177.76. The company has a market capitalization of $19.97 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.12 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter last year, the company posted $1.80 EPS. Check Point Software Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS 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 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.