D. E. Shaw & Co. Inc. Has $88.70 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

D. E. Shaw & Co. Inc. lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.9% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 537,587 shares of the technology company’s stock after selling 142,371 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.48% of Check Point Software Technologies worth $88,702,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Check Point Software Technologies in the 2nd quarter worth about $30,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the first quarter valued at approximately $31,000. Richardson Financial Services Inc. bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $33,000. Transcendent Capital Group LLC acquired a new stake in Check Point Software Technologies during the first quarter worth approximately $107,000. Finally, Alaska Permanent Fund Corp bought a new position in Check Point Software Technologies during the 1st quarter worth $117,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.5 %

Shares of NASDAQ:CHKP opened at $195.00 on Friday. The firm has a market cap of $22.02 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $126.57 and a 12-month high of $196.56. The business has a fifty day simple moving average of $185.81 and a 200 day simple moving average of $168.56.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping 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 company 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 company earned $1.74 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CHKP shares. BMO Capital Markets increased their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Wedbush raised their target price on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $184.47.

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.