Donald L. Hagan LLC Reduces Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Donald L. Hagan LLC reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 19.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,017 shares of the technology company’s stock after selling 751 shares during the period. Donald L. Hagan LLC’s holdings in Check Point Software Technologies were worth $582,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. Swedbank AB acquired a new position in Check Point Software Technologies in the 1st quarter worth $69,487,000. Boston Partners boosted its holdings in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after purchasing an additional 419,404 shares during the last quarter. Acadian Asset Management LLC grew its stake in Check Point Software Technologies by 10.5% during the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $47,244,000. Finally, Meitav Investment House Ltd. boosted its stake in shares of Check Point Software Technologies by 1,295.8% during the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock valued at $34,557,000 after buying an additional 194,595 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CHKP. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Wedbush upped their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Truist Financial lifted their target price 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, Susquehanna upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Up 0.7 %

CHKP traded up $1.21 during trading hours on Wednesday, hitting $172.25. The company’s stock had a trading volume of 88,863 shares, compared to its average volume of 692,522. The company has a 50-day simple moving average of $193.74 and a 200 day simple moving average of $175.17. The firm has a market capitalization of $18.94 billion, a PE ratio of 23.37, a PEG ratio of 2.91 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $136.46 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million for the quarter, compared to analysts’ expectations 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 was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.80 earnings per share. Research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

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.