Orion Portfolio Solutions LLC Acquires 201 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Orion Portfolio Solutions LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 16,328 shares of the technology company’s stock after acquiring an additional 201 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Check Point Software Technologies were worth $3,148,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in Check Point Software Technologies during the 3rd quarter valued at about $51,922,000. XTX Topco Ltd bought a new position in Check Point Software Technologies during the 3rd quarter valued at about $680,000. Voya Financial Advisors Inc. grew its holdings in Check Point Software Technologies by 0.9% during the 3rd quarter. Voya Financial Advisors Inc. now owns 9,121 shares of the technology company’s stock valued at $1,761,000 after purchasing an additional 82 shares during the last quarter. Wellington Management Group LLP grew its holdings in Check Point Software Technologies by 180.3% during the 3rd quarter. Wellington Management Group LLP now owns 13,433 shares of the technology company’s stock valued at $2,590,000 after purchasing an additional 8,641 shares during the last quarter. Finally, Sphera Funds Management LTD. bought a new position in Check Point Software Technologies during the 3rd quarter valued at about $7,754,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $186.85 on Wednesday. The stock has a market cap of $20.55 billion, a P/E ratio of 25.53, a P/E/G ratio of 3.18 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $144.66 and a 1-year high of $210.70. The firm has a fifty day moving average price of $188.37 and a 200 day moving average price of $179.90.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.80 EPS. Sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the subject of several research reports. Truist Financial boosted their price objective on shares of 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. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Evercore ISI raised their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average price target of $197.74.

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.