3,850 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Wynn Capital LLC

Wynn Capital LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,850 shares of the technology company’s stock, valued at approximately $588,000.

Other hedge funds have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its stake in shares of Check Point Software Technologies by 52.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock valued at $8,508,000 after buying an additional 19,111 shares during the period. Prime Capital Investment Advisors LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $1,505,000. Tritonpoint Wealth LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $2,586,000. SG Americas Securities LLC increased its position in shares of Check Point Software Technologies by 81.9% during the fourth quarter. SG Americas Securities LLC now owns 27,303 shares of the technology company’s stock valued at $4,172,000 after acquiring an additional 12,297 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in Check Point Software Technologies in the fourth quarter worth $47,160,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Truist Financial lifted their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. TD Cowen upped their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Wells Fargo & Company upped their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Susquehanna increased 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 report on Wednesday, February 7th. Finally, Royal Bank of Canada increased their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.16.

Check Point Software Technologies Stock Performance

CHKP traded up $0.20 during trading hours on Wednesday, reaching $161.00. The company’s stock had a trading volume of 1,035,015 shares, compared to its average volume of 715,153. Check Point Software Technologies Ltd. has a 52 week low of $117.18 and a 52 week high of $168.82. The company’s 50-day moving average is $161.95 and its 200-day moving average is $152.72. The firm has a market cap of $19.44 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The company had revenue of $663.50 million for the quarter, compared to analysts’ expectations 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 was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $2.23 earnings per share. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 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.