3,850 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Wynn Capital LLC

Wynn Capital LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,850 shares of the technology company’s stock, valued at approximately $588,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHKP. Ariel Investments LLC increased its holdings in shares of Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after acquiring an additional 593,623 shares during the last quarter. Morningstar Investment Services LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $65,522,000. LSV Asset Management lifted its holdings in shares of Check Point Software Technologies by 1,535.7% in the third quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock valued at $55,156,000 after buying an additional 388,535 shares during the period. Boston Trust Walden Corp lifted its holdings in shares of Check Point Software Technologies by 248.8% in the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock valued at $46,784,000 after buying an additional 218,403 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Check Point Software Technologies by 107.2% during the third quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock worth $48,244,000 after purchasing an additional 187,314 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CHKP shares. Truist Financial upped their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. UBS Group lifted their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. William Blair raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Citigroup boosted their price objective on Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, Wedbush reiterated an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $160.16.

Check Point Software Technologies Stock Up 0.1 %

Shares of NASDAQ CHKP traded up $0.20 during trading hours on Wednesday, hitting $161.00. 1,035,015 shares of the stock were exchanged, compared to its average volume of 715,153. The company has a market cap of $19.44 billion, a PE ratio of 22.58, a PEG ratio of 2.57 and a beta of 0.61. Check Point Software Technologies Ltd. has a 12 month low of $117.18 and a 12 month high of $168.82. The firm has a fifty day moving average price of $161.95 and a 200-day moving average price of $152.72.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.10. The firm had revenue of $663.50 million during the quarter, compared to analysts’ expectations of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.23 EPS. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 earnings per share 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.