Hyperion Capital Advisors LP Invests $284,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hyperion Capital Advisors LP bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,474 shares of the technology company’s stock, valued at approximately $284,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Check Point Software Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company’s stock valued at $54,985,000 after buying an additional 4,194 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Check Point Software Technologies by 18.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 19,139 shares of the technology company’s stock valued at $3,140,000 after purchasing an additional 3,008 shares during the period. California State Teachers Retirement System lifted its position in shares of Check Point Software Technologies by 11.6% during the first quarter. California State Teachers Retirement System now owns 149,989 shares of the technology company’s stock worth $24,600,000 after purchasing an additional 15,647 shares in the last quarter. Swedbank AB purchased a new position in shares of Check Point Software Technologies in the first quarter valued at $69,487,000. Finally, Cetera Investment Advisers increased its stake in Check Point Software Technologies by 1,020.7% during the 1st quarter. Cetera Investment Advisers now owns 56,551 shares of the technology company’s stock worth $9,275,000 after buying an additional 51,505 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.0 %

NASDAQ CHKP opened at $181.55 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $143.28 and a 52 week high of $210.70. The stock has a market cap of $19.97 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. The company has a 50-day moving average price of $189.67 and a two-hundred day moving average price of $177.76.

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, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the previous year, the business earned $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CHKP shares. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Truist Financial upped their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Wedbush upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted 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 research report on Monday, October 28th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $197.74.

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.