Jump Financial LLC Acquires 3,088 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Jump Financial LLC increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 98.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 6,223 shares of the technology company’s stock after acquiring an additional 3,088 shares during the quarter. Jump Financial LLC’s holdings in Check Point Software Technologies were worth $829,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CHKP. Private Advisor Group LLC raised its stake in shares of Check Point Software Technologies by 40.4% in the 1st quarter. Private Advisor Group LLC now owns 3,555 shares of the technology company’s stock valued at $492,000 after purchasing an additional 1,023 shares during the period. Yousif Capital Management LLC increased its position in shares of Check Point Software Technologies by 7.7% in the first quarter. Yousif Capital Management LLC now owns 6,814 shares of the technology company’s stock valued at $942,000 after acquiring an additional 485 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Check Point Software Technologies by 12.1% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,715 shares of the technology company’s stock valued at $514,000 after acquiring an additional 400 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at about $210,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at about $3,511,000. Institutional investors and hedge funds own 68.34% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of recent research reports. Citigroup lifted their target price on Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. lifted their target price on Check Point Software Technologies from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Monday, December 11th. Bank of America lifted their price target on Check Point Software Technologies from $140.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, November 24th. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Finally, Needham & Company LLC started coverage on Check Point Software Technologies in a report on Wednesday, October 25th. They set a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $144.85.

View Our Latest Stock Report on CHKP

Check Point Software Technologies Stock Up 1.0 %

Shares of NASDAQ:CHKP opened at $162.45 on Wednesday. Check Point Software Technologies Ltd. has a 12-month low of $117.18 and a 12-month high of $166.71. The business has a 50 day moving average of $153.22 and a 200-day moving average of $141.38. The stock has a market cap of $19.01 billion, a PE ratio of 22.66, a P/E/G ratio of 2.69 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. The business had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a net margin of 36.03% and a return on equity of 30.88%. The company’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.23 earnings per share. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.28 earnings per share for the current year.

Check Point Software Technologies Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report).

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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