Raiffeisen Bank International AG Acquires New Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Raiffeisen Bank International AG acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 1,055 shares of the technology company’s stock, valued at approximately $198,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies in the 4th quarter valued at $25,000. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies in the 4th quarter valued at $35,000. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies in the 4th quarter valued at $35,000. Quarry LP grew its position in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after buying an additional 103 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its position in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after buying an additional 137 shares during the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research analyst reports. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Roth Capital initiated coverage on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. They set a “neutral” rating and a $215.00 target price on the stock. Arete Research upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Finally, Guggenheim restated a “neutral” rating on shares of Check Point Software Technologies in a research report on Friday, January 31st. Sixteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $232.04.

Check Point Software Technologies Trading Up 1.2%

Shares of CHKP stock opened at $218.68 on Monday. The firm has a 50-day moving average price of $219.41 and a 200 day moving average price of $203.75. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same quarter in the previous year, the company posted $2.04 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.