Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,496 shares of the technology company’s stock after buying an additional 51,073 shares during the quarter. Sei Investments Co. owned about 0.35% of Check Point Software Technologies worth $65,092,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Check Point Software Technologies in the second quarter valued at $30,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth about $31,000. Richardson Financial Services Inc. acquired a new position in shares of Check Point Software Technologies during the 4th quarter worth about $33,000. Transcendent Capital Group LLC acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth about $107,000. Finally, Alaska Permanent Fund Corp acquired a new position in shares of Check Point Software Technologies during the 1st quarter worth about $117,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on CHKP. Truist Financial reiterated a “buy” rating and issued a $200.00 price objective (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Susquehanna increased their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Robert W. Baird lifted their target price on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Scotiabank boosted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. Sixteen 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, the stock has an average rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Trading Up 1.6 %

CHKP stock opened at $194.09 on Monday. The company has a market capitalization of $21.91 billion, a P/E ratio of 26.96, a PEG ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $195.29. The business has a 50 day simple moving average of $184.48 and a 200-day simple moving average of $167.87.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate 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 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 company’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts predict that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal 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.