Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Lifted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 195.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,735 shares of the technology company’s stock after acquiring an additional 6,435 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Check Point Software Technologies were worth $1,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. Morningstar Investment Services LLC boosted its holdings in Check Point Software Technologies by 98.5% during the fourth quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock worth $148,080,000 after buying an additional 481,626 shares in the last quarter. Swedbank AB purchased a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $69,487,000. Boston Partners lifted its position in shares of Check Point Software Technologies by 13.1% in the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after acquiring an additional 419,404 shares in the last quarter. Acadian Asset Management LLC lifted its position in Check Point Software Technologies by 10.5% in the 2nd quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after buying an additional 391,983 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Check Point Software Technologies in the 2nd quarter worth approximately $47,244,000. 87.62% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CHKP has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Susquehanna increased their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $200.00 price target (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, Robert W. Baird raised their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $184.47.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock opened at $188.99 on Wednesday. The firm’s 50-day simple moving average is $187.55 and its 200-day simple moving average is $169.37. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $196.56. The firm has a market cap of $21.34 billion, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period last year, the firm posted $1.74 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.