Schonfeld Strategic Advisors LLC Buys Shares of 2,300 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Schonfeld Strategic Advisors LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 2,300 shares of the technology company’s stock, valued at approximately $429,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. World Investment Advisors boosted its holdings in shares of Check Point Software Technologies by 4.4% during the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company’s stock valued at $5,609,000 after acquiring an additional 1,278 shares during the period. Crux Wealth Advisors bought a new position in shares of Check Point Software Technologies during the fourth quarter worth about $542,000. Truist Financial Corp grew its position in shares of Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after acquiring an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of Check Point Software Technologies by 99.3% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after acquiring an additional 2,478 shares during the last quarter. Finally, Hickory Asset Management Inc. bought a new position in shares of Check Point Software Technologies during the fourth quarter worth about $476,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $217.59 on Monday. The firm has a market cap of $23.93 billion, a PE ratio of 29.13, a PEG ratio of 3.41 and a beta of 0.66. The firm’s 50 day moving average price is $220.18 and its 200 day moving average price is $202.74. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the company earned $2.04 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research report on Friday, January 31st. Scotiabank reduced their price objective on shares of Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 24th. Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Finally, Citigroup raised their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday, January 17th. Eighteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $232.04.

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.