Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Up 12.0% in November

Check Point Software Technologies Ltd. (NASDAQ:CHKP - Get Free Report) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 3,180,000 shares, an increase of 12.0% from the October 31st total of 2,840,000 shares. Currently, 3.7% of the company's shares are short sold. Based on an average daily trading volume, of 688,600 shares, the short-interest ratio is currently 4.6 days.

Check Point Software Technologies Trading Up 0.1 %

Shares of NASDAQ CHKP traded up $0.18 during trading hours on Monday, reaching $182.18. The stock had a trading volume of 674,159 shares, compared to its average volume of 692,980. The firm has a market cap of $20.04 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 3.11 and a beta of 0.63. Check Point Software Technologies has a fifty-two week low of $143.28 and a fifty-two week high of $210.70. The firm has a 50-day moving average of $188.97 and a 200-day moving average of $178.64.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $2.25. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $1.80 earnings per share. On average, equities analysts predict that Check Point Software Technologies will post 7.86 EPS for the current year.

Wall Street Analyst Weigh In

CHKP has been the topic of several research reports. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Barclays decreased their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating for the company in a research report on Tuesday, October 29th. Truist Financial upped their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Finally, Bank of America cut Check Point Software Technologies from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and a consensus price target of $197.74.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $27,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the third quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Check Point Software Technologies during the second quarter worth about $30,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the third quarter valued at about $37,000. Finally, Arrow Financial Corp boosted its holdings in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company's stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Company 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.