Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Update

Check Point Software Technologies Ltd. (NASDAQ:CHKP) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 3,270,000 shares, a growth of 8.3% from the December 15th total of 3,020,000 shares. Approximately 3.8% of the shares of the stock are sold short. Based on an average trading volume of 736,700 shares, the short-interest ratio is presently 4.4 days.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent research reports. Cantor Fitzgerald began coverage on Check Point Software Technologies in a research note on Thursday, January 9th. They set a “neutral” rating and a $200.00 price target on the stock. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Finally, Evercore ISI raised their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $202.33.

Institutional Trading of Check Point Software Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Check Point Software Technologies by 73.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after buying an additional 464,821 shares during the last quarter. Marshall Wace LLP bought a new stake in Check Point Software Technologies during the 2nd quarter worth approximately $47,244,000. World Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth approximately $51,922,000. FMR LLC lifted its holdings in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares during the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.6 %

Shares of NASDAQ CHKP opened at $187.87 on Tuesday. The firm’s 50-day moving average price is $183.98 and its 200-day moving average price is $185.85. The firm has a market capitalization of $20.66 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.86 and a beta of 0.63. Check Point Software Technologies has a 1-year low of $145.75 and a 1-year high of $210.70.

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, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.80 earnings per share. Equities research analysts forecast that Check Point Software Technologies will post 7.87 EPS for the current year.

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.