Squarepoint Ops LLC Buys 35,685 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Squarepoint Ops LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 202.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 53,347 shares of the technology company’s stock after purchasing an additional 35,685 shares during the quarter. Squarepoint Ops LLC’s holdings in Check Point Software Technologies were worth $8,802,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CHKP. Semmax Financial Advisors Inc. raised its stake in shares of Check Point Software Technologies by 14.9% in the second quarter. Semmax Financial Advisors Inc. now owns 12,491 shares of the technology company’s stock valued at $2,277,000 after buying an additional 1,618 shares during the period. Marshall Wace LLP purchased a new stake in Check Point Software Technologies during the second quarter valued at about $47,244,000. Public Sector Pension Investment Board boosted its position in Check Point Software Technologies by 2.1% during the second quarter. Public Sector Pension Investment Board now owns 37,936 shares of the technology company’s stock worth $6,259,000 after purchasing an additional 764 shares during the period. 1832 Asset Management L.P. increased its stake in shares of Check Point Software Technologies by 8.9% in the second quarter. 1832 Asset Management L.P. now owns 28,522 shares of the technology company’s stock worth $4,706,000 after purchasing an additional 2,320 shares in the last quarter. Finally, Heron Bay Capital Management raised its position in shares of Check Point Software Technologies by 0.3% in the second quarter. Heron Bay Capital Management now owns 32,873 shares of the technology company’s stock valued at $5,424,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CHKP. BMO Capital Markets raised their price objective on shares of 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. Scotiabank raised their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Robert W. Baird boosted their price objective on Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada raised their target price on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, Evercore ISI upgraded Check Point Software Technologies to a “hold” rating in a research report on Monday, September 16th. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $184.47.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $193.04 on Friday. The stock has a market capitalization of $21.80 billion, a P/E ratio of 26.81, a PEG ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a one year low of $126.57 and a one year high of $196.56. The firm’s 50 day simple moving average is $186.72 and its two-hundred day simple moving average is $168.95.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.74 earnings per share. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.