Perpetual Ltd Has $100.20 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Perpetual Ltd reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 536,670 shares of the technology company’s stock after selling 6,700 shares during the quarter. Check Point Software Technologies makes up approximately 1.2% of Perpetual Ltd’s holdings, making the stock its 24th biggest position. Perpetual Ltd owned approximately 0.49% of Check Point Software Technologies worth $100,196,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies during the third quarter worth $33,000. GAMMA Investing LLC lifted its stake in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the last quarter. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $37,000. Finally, Arrow Financial Corp increased its stake in shares of Check Point Software Technologies by 62.5% during the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent analyst reports. Truist Financial raised their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler lifted their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Stifel Nicolaus increased their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Evercore ISI lifted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald initiated coverage on shares of Check Point Software Technologies in a report on Thursday, January 9th. They issued a “neutral” rating and a $200.00 price objective on the stock. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $202.33.

Check Point Software Technologies Trading Up 0.6 %

CHKP stock opened at $187.87 on Tuesday. The stock has a market capitalization of $20.66 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.95 and a beta of 0.63. The firm has a 50-day moving average price of $183.98 and a 200-day moving average price of $185.85. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company earned $1.80 earnings per share. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS 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.