Bruni J V & Co. Co. Purchases 59,646 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bruni J V & Co. Co. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 103.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 117,344 shares of the technology company's stock after purchasing an additional 59,646 shares during the period. Check Point Software Technologies makes up about 2.5% of Bruni J V & Co. Co.'s holdings, making the stock its 21st biggest position. Bruni J V & Co. Co. owned 0.11% of Check Point Software Technologies worth $22,625,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its stake in shares of Check Point Software Technologies by 50.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 27,288 shares of the technology company's stock valued at $4,476,000 after acquiring an additional 9,180 shares during the last quarter. Kingsview Wealth Management LLC bought a new stake in Check Point Software Technologies during the first quarter worth $211,000. Vanguard Group Inc. lifted its stake in shares of Check Point Software Technologies by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company's stock valued at $54,985,000 after acquiring an additional 4,194 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Check Point Software Technologies in the first quarter worth $442,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Check Point Software Technologies by 6.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,161 shares of the technology company's stock worth $2,651,000 after buying an additional 910 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Up 0.6 %

Shares of CHKP traded up $1.03 during trading hours on Tuesday, reaching $174.56. 428,143 shares of the company traded hands, compared to its average volume of 695,787. The stock has a market capitalization of $19.20 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $141.94 and a fifty-two week high of $210.70. The stock has a fifty day simple moving average of $190.92 and a 200 day simple moving average of $176.76.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued 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 firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the business posted $1.80 earnings per share. Check Point Software Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHKP shares. Jefferies Financial Group increased their price objective on 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. JPMorgan Chase & Co. increased their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a "neutral" rating in a report on Monday, October 28th. Scotiabank boosted their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 25th. Needham & Company LLC reiterated a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $197.74.

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.