Qsemble Capital Management LP Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Qsemble Capital Management LP acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,172 shares of the technology company’s stock, valued at approximately $419,000.

A number of other large investors also recently added to or reduced their stakes in CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Check Point Software Technologies during the second quarter worth $30,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies during the third quarter worth $33,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the third quarter worth $37,000. Arrow Financial Corp grew its holdings in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the third quarter worth $60,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of research reports. Mizuho upped their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Wedbush upped their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Evercore ISI upped their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Truist Financial upped their price objective 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. Finally, Barclays dropped their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $181.55 on Thursday. The firm has a market cap of $19.97 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $143.28 and a 1-year high of $210.70. The company has a 50-day moving average of $189.67 and a two-hundred day moving average of $177.76.

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