Two Sigma Securities LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Two Sigma Securities LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,496 shares of the technology company's stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Gitterman Wealth Management LLC boosted its stake in Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after purchasing an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. boosted its stake in Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after purchasing an additional 52 shares during the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after purchasing an additional 56 shares during the last quarter. Regatta Capital Group LLC boosted its stake in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after purchasing an additional 57 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock worth $353,000 after purchasing an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 2.8 %

CHKP traded up $5.86 on Monday, reaching $212.41. The company had a trading volume of 1,002,564 shares, compared to its average volume of 774,440. The stock has a 50-day moving average price of $220.45 and a 200-day moving average price of $201.96. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The stock has a market capitalization of $23.36 billion, a PE ratio of 28.44, a P/E/G ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same period in the prior year, the company earned $2.04 earnings per share. The business's revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on CHKP. Truist Financial reaffirmed a "buy" rating and set a $250.00 target price (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Susquehanna upped their price objective on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a report on Friday, January 31st. The Goldman Sachs Group cut shares of Check Point Software Technologies from a "buy" rating to a "neutral" rating and raised their price objective for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. StockNews.com lowered shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a report on Wednesday, April 23rd. Finally, Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and a consensus price target of $232.04.

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.