Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 47.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,443 shares of the technology company’s stock after buying an additional 6,625 shares during the quarter. Mackenzie Financial Corp’s holdings in Check Point Software Technologies were worth $3,123,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CHKP. Assenagon Asset Management S.A. lifted its stake in Check Point Software Technologies by 52.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after purchasing an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $1,505,000. Tritonpoint Wealth LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter worth about $2,586,000. SG Americas Securities LLC boosted its holdings in shares of Check Point Software Technologies by 81.9% in the 4th quarter. SG Americas Securities LLC now owns 27,303 shares of the technology company’s stock valued at $4,172,000 after buying an additional 12,297 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Check Point Software Technologies during the 4th quarter valued at about $47,160,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent research reports. Truist Financial raised their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Susquehanna upped their price objective on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. Scotiabank increased their target price on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. Citigroup boosted their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a 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 Wednesday, April 10th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $160.16.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $158.79 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82. The firm has a market cap of $19.18 billion, a P/E ratio of 22.30, a PEG ratio of 2.56 and a beta of 0.61. The stock has a fifty day moving average price of $162.02 and a two-hundred day moving average price of $152.55.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The business had revenue of $663.50 million during the quarter, compared to analysts’ expectations of $662.09 million. During the same quarter last year, the business posted $2.23 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts predict that Check Point Software Technologies Ltd. will post 7.85 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.