Blueshift Asset Management LLC Acquires Shares of 2,741 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blueshift Asset Management LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,741 shares of the technology company’s stock, valued at approximately $528,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Bleakley Financial Group LLC grew its stake in shares of Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after buying an additional 57 shares during the last quarter. Brighton Jones LLC increased its holdings in Check Point Software Technologies by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after purchasing an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Check Point Software Technologies by 1.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after purchasing an additional 66 shares during the last quarter. HF Advisory Group LLC boosted its stake in shares of Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock valued at $1,169,000 after purchasing an additional 73 shares in the last quarter. Finally, Heritage Family Offices LLP increased its stake in shares of Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after buying an additional 77 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Truist Financial upped their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Robert W. Baird decreased their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Finally, Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Trading Up 0.0 %

Shares of Check Point Software Technologies stock opened at $181.55 on Thursday. The firm has a market capitalization of $19.97 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The business’s 50-day moving average price is $189.67 and its 200-day moving average price is $177.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 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 for the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter last year, the company earned $1.80 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. As a group, analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.