Bailard Inc. Buys 9,000 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bailard Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 52.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,030 shares of the technology company’s stock after purchasing an additional 9,000 shares during the quarter. Bailard Inc.’s holdings in Check Point Software Technologies were worth $4,295,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CHKP. Morningstar Investment Services LLC grew its stake in Check Point Software Technologies by 98.5% in the fourth quarter. Morningstar Investment Services LLC now owns 970,634 shares of the technology company’s stock valued at $148,080,000 after purchasing an additional 481,626 shares in the last quarter. Swedbank AB bought a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $69,487,000. Boston Partners boosted its stake in shares of Check Point Software Technologies by 13.1% during the 1st quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after acquiring an additional 419,404 shares during the period. Norges Bank bought a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $29,801,000. Finally, Bessemer Group Inc. boosted its stake in shares of Check Point Software Technologies by 2,173.6% during the 1st quarter. Bessemer Group Inc. now owns 124,024 shares of the technology company’s stock worth $20,342,000 after acquiring an additional 118,569 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $189.51 on Tuesday. The stock has a market capitalization of $21.40 billion, a PE ratio of 26.32, a P/E/G ratio of 2.84 and a beta of 0.62. The business has a fifty day moving average price of $174.45 and a two-hundred day moving average price of $163.86. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $192.00.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 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 analysts’ expectations of $623.19 million. During the same quarter in the previous year, the firm earned $1.74 EPS. Check Point Software Technologies’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Analyst Ratings Changes

CHKP has been the subject of several research analyst reports. Wedbush lifted their target price on Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Jefferies Financial Group lifted their target price on Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Truist Financial reiterated a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Barclays lifted their price target on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, KeyCorp raised Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Fifteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $183.68.

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.