Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by M&G Plc

M&G Plc grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,449 shares of the technology company’s stock after purchasing an additional 9,830 shares during the period. M&G Plc owned about 0.10% of Check Point Software Technologies worth $17,894,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies in the second quarter worth about $30,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $31,000. Richardson Financial Services Inc. acquired a new position in Check Point Software Technologies in the 4th quarter worth approximately $33,000. Y.D. More Investments Ltd grew its position in Check Point Software Technologies by 37.0% during the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after purchasing an additional 135 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $92,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Trading Up 0.6 %

NASDAQ CHKP opened at $182.26 on Wednesday. The company has a market cap of $20.58 billion, a P/E ratio of 25.31, a P/E/G ratio of 2.84 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $126.57 and a 1 year high of $186.75. The company has a fifty day simple moving average of $168.80 and a 200 day simple moving average of $162.19.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.74 earnings per share. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHKP. Susquehanna raised their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. JPMorgan Chase & Co. upped their target price on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. Finally, Barclays boosted their price target on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $183.68.

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.