Foundry Partners LLC Buys 975 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Foundry Partners LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 45.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,144 shares of the technology company’s stock after acquiring an additional 975 shares during the quarter. Foundry Partners LLC’s holdings in Check Point Software Technologies were worth $606,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the 3rd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies during the second quarter valued at approximately $30,000. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the 3rd quarter valued at approximately $37,000. Arrow Financial Corp increased its stake in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth approximately $60,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 0.1 %

Shares of NASDAQ:CHKP opened at $181.75 on Friday. The business’s 50 day moving average is $190.21 and its 200 day moving average is $177.00. The stock has a market cap of $19.99 billion, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the firm posted $1.80 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CHKP. Truist Financial raised their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Robert W. Baird reduced their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Barclays lowered their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned 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 $197.74.

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.