Kiltearn Partners LLP Has $40.62 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kiltearn Partners LLP reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 246,200 shares of the technology company’s stock after selling 54,100 shares during the period. Check Point Software Technologies comprises approximately 4.9% of Kiltearn Partners LLP’s portfolio, making the stock its 7th biggest holding. Kiltearn Partners LLP owned about 0.22% of Check Point Software Technologies worth $40,623,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in CHKP. Principal Financial Group Inc. lifted its stake in shares of Check Point Software Technologies by 69.3% in the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock valued at $4,129,000 after acquiring an additional 11,064 shares during the last quarter. Norges Bank purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $29,801,000. UBS Group AG grew its holdings in shares of Check Point Software Technologies by 1.9% in the fourth quarter. UBS Group AG now owns 242,701 shares of the technology company’s stock worth $37,082,000 after purchasing an additional 4,429 shares during the last quarter. D.A. Davidson & CO. increased its stake in shares of Check Point Software Technologies by 5.8% in the fourth quarter. D.A. Davidson & CO. now owns 2,516 shares of the technology company’s stock worth $384,000 after buying an additional 139 shares during the period. Finally, Corient Private Wealth LLC raised its holdings in Check Point Software Technologies by 13.4% during the 4th quarter. Corient Private Wealth LLC now owns 28,460 shares of the technology company’s stock valued at $4,348,000 after buying an additional 3,364 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Scotiabank increased their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Finally, Robert W. Baird upped their target price on 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 equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Trading Up 0.7 %

Shares of CHKP opened at $195.47 on Tuesday. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 27.15, a P/E/G ratio of 2.96 and a beta of 0.62. The business’s fifty day simple moving average is $184.95 and its two-hundred day simple moving average is $168.13. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $196.56.

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 analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. During the same period in the prior year, the company posted $1.74 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, research analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS 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.