Check Point Software Technologies Ltd. (NASDAQ:CHKP) Position Increased by abrdn plc

abrdn plc raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 93.6% in the 4th quarter, Holdings Channel reports. The firm owned 33,747 shares of the technology company’s stock after purchasing an additional 16,313 shares during the quarter. abrdn plc’s holdings in Check Point Software Technologies were worth $5,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. HF Advisory Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter valued at $753,000. Daiwa Securities Group Inc. increased its stake in Check Point Software Technologies by 1.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,438 shares of the technology company’s stock valued at $1,289,000 after purchasing an additional 148 shares during the last quarter. TRUE Private Wealth Advisors increased its stake in Check Point Software Technologies by 34.0% during the fourth quarter. TRUE Private Wealth Advisors now owns 2,987 shares of the technology company’s stock valued at $456,000 after purchasing an additional 758 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Check Point Software Technologies by 12.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 61,013 shares of the technology company’s stock valued at $9,322,000 after purchasing an additional 6,958 shares during the last quarter. Finally, DGS Capital Management LLC increased its stake in Check Point Software Technologies by 4.4% during the fourth quarter. DGS Capital Management LLC now owns 11,411 shares of the technology company’s stock valued at $1,743,000 after purchasing an additional 476 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on CHKP shares. Susquehanna upped their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, February 7th. TD Cowen upped their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Royal Bank of Canada upped their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Citigroup upped their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Wedbush restated an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies in a research report on Friday. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $164.00.

Check Point Software Technologies Trading Down 1.1 %

Shares of NASDAQ CHKP opened at $151.20 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The company has a market capitalization of $18.26 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.48 and a beta of 0.61. The firm has a 50-day moving average of $161.41 and a two-hundred day moving average of $153.01.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.30%. The company had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share 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.