Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,705 shares of the technology company’s stock after selling 299 shares during the quarter. Janus Henderson Group PLC’s holdings in Check Point Software Technologies were worth $3,306,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHKP. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Quarry LP raised its stake in shares of Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company’s stock worth $38,000 after purchasing an additional 103 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after purchasing an additional 137 shares during the period. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Check Point Software Technologies by 370.6% during the fourth quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company’s stock worth $45,000 after purchasing an additional 189 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHKP has been the subject of a number of analyst reports. Truist Financial restated a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $221.00 to $255.00 in a research note on Wednesday, February 26th. Sixteen 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $232.04.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $218.91 on Tuesday. The firm has a market cap of $24.08 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The firm’s 50 day moving average price is $219.43 and its two-hundred day moving average price is $204.08.

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