Swedbank AB Grows Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Swedbank AB grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 428,042 shares of the technology company’s stock after acquiring an additional 4,760 shares during the period. Swedbank AB’s holdings in Check Point Software Technologies were worth $79,915,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CHKP. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the 3rd quarter worth about $27,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $33,000. GAMMA Investing LLC grew its stake in Check Point Software Technologies by 53.1% during 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 in the last quarter. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC lifted its stake in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHKP. Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 24th. Truist Financial boosted their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Barclays cut their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $205.10.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $203.90 on Thursday. The company has a market capitalization of $22.42 billion, a P/E ratio of 27.86, a PEG ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The stock has a 50 day moving average price of $186.66 and a two-hundred day moving average price of $187.10.

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

Check Point Software Technologies 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.