Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Update

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was the target of a large increase in short interest in December. As of December 31st, there was short interest totalling 3,270,000 shares, an increase of 8.3% from the December 15th total of 3,020,000 shares. Currently, 3.8% of the company’s stock are short sold. Based on an average daily volume of 736,700 shares, the short-interest ratio is currently 4.4 days.

Hedge Funds Weigh In On Check Point Software Technologies

Several hedge funds have recently bought and sold shares of the company. Avior Wealth Management LLC grew its holdings in shares of Check Point Software Technologies by 83.1% in the fourth quarter. Avior Wealth Management LLC now owns 705 shares of the technology company’s stock valued at $132,000 after purchasing an additional 320 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Check Point Software Technologies by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,417 shares of the technology company’s stock valued at $4,185,000 after purchasing an additional 110 shares during the period. SG Americas Securities LLC boosted its stake in shares of Check Point Software Technologies by 12.9% in the 4th quarter. SG Americas Securities LLC now owns 69,242 shares of the technology company’s stock valued at $12,927,000 after buying an additional 7,927 shares during the period. Davis Capital Management lifted its stake in Check Point Software Technologies by 141.0% in the fourth quarter. Davis Capital Management now owns 3,974 shares of the technology company’s stock worth $742,000 after acquiring an additional 2,325 shares during the last quarter. Finally, Beaumont Financial Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $268,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CHKP shares. Robert W. Baird lowered their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Mizuho upped their price target on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler raised their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research report on Monday, January 6th. Truist Financial upped their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price target for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Seventeen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $202.33.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP traded up $1.10 during midday trading on Monday, hitting $187.87. The company had a trading volume of 664,935 shares, compared to its average volume of 569,200. The business’s 50-day simple moving average is $183.98 and its 200-day simple moving average is $185.85. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. Check Point Software Technologies has a twelve month low of $145.75 and a twelve month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the previous year, the company posted $1.80 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Check Point Software Technologies will post 7.87 EPS for the current 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.