State Board of Administration of Florida Retirement System to Purchase 100 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)


The State Board of Administration of Florida Retirement System increased its holding of Check Point Software Technologies Ltd. stock. (NASDAQ:CHKP – Get Rating) up 0.5% in the first quarter, according to its latest disclosure with the Securities & Exchange Commission. The company owned 21,896 shares of the tech company after buying another 100 shares during the quarter. The State Board of Administration of Florida Retirement System’s holdings in Check Point Software Technologies were worth $3,027,000 at the end of the last reporting period.

A number of other institutional investors and hedge funds have recently added to or reduced their stakes in the company. CIBC Asset Management Inc increased its position in Check Point Software Technologies by 0.8% in the first quarter. CIBC Asset Management Inc now owns 11,318 shares of the technology company’s stock valued at $1,565,000 after purchasing an additional 89 shares during the period. JJJ Advisors Inc. increased its position in Check Point Software Technologies stock by 134.8% during the first quarter. JJJ Advisors Inc. now owns 1,270 shares of the technology company, valued at $176,000, after purchasing an additional 729 shares during the period. SWS Partners bought a new position in Check Point Software Technologies stock valued at about $96,000 during the first quarter. The National Bank of Canada FI increased its position in Check Point Software Technologies stock by 684.5% in the first quarter. The National Bank of Canada FI now owns 10,293 shares of the technology company, valued at $1,473,000, having purchased an additional 8,981 shares during the period. Finally, DGS Capital Management LLC increased its position in Check Point Software Technologies stock by 36.3% during the first quarter. DGS Capital Management LLC now owns 8,174 shares of the technology company, valued at $1,130,000, having purchased an additional 2,179 shares during the period. Institutional investors own 91.96% of the company’s shares.

Analysts set new price targets

A number of equities analysts have recently provided comment on CHKP stocks. Credit Suisse Group raised its price target for Check Point Software Technologies shares from $105.00 to $115.00 in a research report on Thursday, April 28. Wells Fargo & Company on Thursday, April 28. The Royal Bank of Canada raised its price target on shares of Check Point Software Technologies from $139.00 to $145.00 and gave the company an update on Monday, April 25 Research Note a sector perform rating. Bank of America upgraded shares of Check Point Software Technologies from an underperform rating to a buy rating and lowered its price target on the company to $130.00 in a research note on Wednesday, July 20 raised to $140.00. Finally, Jefferies Financial Group lowered its target price on shares of Check Point Software Technologies from $145.00 to $130.00 in a research note on Monday, May 23. Six equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $138.00.

Check Point Software Technologies stock performance

Check Point Software Technologies shares opened at $122.86 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $107.85 and a 52-week high of $149.62. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of 20.28, a price-to-earnings ratio of 2.65 and a beta of 0.60. The company’s 50-day moving average price is $123.04 and its 200-day moving average price is $129.16.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last reported earnings results on Monday, August 1st. The tech company reported earnings per share (EPS) of $1.64 for the quarter, beating the consensus estimate of $1.62 by $0.02. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The company had revenue of $571.10 million for the quarter, compared to analysts’ expectations of $560.40 million. In the same quarter last year, the company generated earnings per share of $1.41. The company’s revenue increased 8.6% year over year. As a group, equity analysts forecast Check Point Software Technologies Ltd. will post earnings per share of 6.29 for the current fiscal year.

About Check Point Software Technologies

(get rating)

Check Point Software Technologies Ltd. develops, markets and supports a range of IT security products and services worldwide. The company offers a portfolio of network security, endpoint security, data security and management solutions. It offers Check Point Infinity Architecture, a cybersecurity architecture that protects against 5th and 6th generation cyberattacks across diverse networks, endpoints, clouds, workloads, IoT and mobile devices.

Selected Stories

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

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



Receive daily news and reviews for Check Point Software Technologies – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Check Point Software Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.

About Willie Ash

Check Also

The Space Force wants more “native software experts” who can write code

General Jay Raymond performs at the 36th Annual Space Symposium. (Space Foundation) AFA 2022 – …