Richard P Slaughter Associates Inc Has $3 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Richard P Slaughter Associates Inc increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,074 shares of the technology company’s stock after purchasing an additional 167 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Check Point Software Technologies were worth $3,001,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after buying an additional 464,821 shares during the period. Marshall Wace LLP bought a new position in shares of Check Point Software Technologies during the second quarter worth approximately $47,244,000. World Investment Advisors LLC bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $51,922,000. FMR LLC increased its position in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after buying an additional 252,581 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after acquiring an additional 177,104 shares in the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $183.25 on Wednesday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The company has a market capitalization of $20.15 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. The business has a fifty day moving average price of $183.36 and a two-hundred day moving average price of $185.45.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data 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 business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the business earned $1.80 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. Sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHKP. JPMorgan Chase & Co. raised their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Piper Sandler upped their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. The Goldman Sachs Group cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Cantor Fitzgerald started coverage on shares of Check Point Software Technologies in a research report on Thursday, January 9th. They set a “neutral” rating and a $200.00 price objective for the company. Finally, Evercore ISI raised their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $202.95.

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.