Board of the Pension Protection Fund Buys New Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Board of the Pension Protection Fund bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,800 shares of the technology company's stock, valued at approximately $709,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHKP. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the third quarter valued at approximately $27,000. GAMMA Investing LLC grew its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the third quarter worth $33,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the third quarter worth $37,000. Finally, Arrow Financial Corp boosted its stake 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 valued at $50,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on CHKP shares. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Cantor Fitzgerald assumed coverage on Check Point Software Technologies in a report on Thursday, January 9th. They issued a "neutral" rating and a $200.00 price target for the company. Wedbush raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a report on Wednesday, October 9th. Robert W. Baird decreased their target price on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Finally, Evercore ISI increased their price target on 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. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $202.95.

Check Point Software Technologies Trading Up 0.1 %

Shares of CHKP traded up $0.15 during midday trading on Wednesday, hitting $183.40. 830,745 shares of the company's stock traded hands, compared to its average volume of 742,316. The stock has a market capitalization of $20.17 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The firm's fifty day moving average is $183.36 and its 200-day moving average is $185.45.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts' consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million during the quarter, compared to analysts' expectations of $634.96 million. During the same period last year, the business posted $1.80 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS 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.