10,196 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Duality Advisers LP

Duality Advisers LP acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 10,196 shares of the technology company’s stock, valued at approximately $1,558,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $25,000. CNB Bank bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth approximately $30,000. Salem Investment Counselors Inc. raised its stake in Check Point Software Technologies by 483.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after acquiring an additional 237 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $49,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $158.79 on Tuesday. The company has a market capitalization of $19.18 billion, a PE ratio of 22.30, a P/E/G ratio of 2.56 and a beta of 0.61. The company has a 50-day simple moving average of $162.02 and a two-hundred day simple moving average of $152.55. Check Point Software Technologies Ltd. has a one year low of $117.18 and a one year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. The firm had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Check Point Software Technologies’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.23 earnings per share. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Susquehanna lifted their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, April 10th. Royal Bank of Canada boosted their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Finally, William Blair upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.16.

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.