Daiwa Securities Group Inc. Has $1.10 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Posted by on May 4th, 2023

Daiwa Securities Group Inc. raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,726 shares of the technology company’s stock after purchasing an additional 548 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Check Point Software Technologies were worth $1,101,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Trifecta Capital Advisors LLC acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $28,000. Lindbrook Capital LLC raised its stake in Check Point Software Technologies by 66.0% during the 4th quarter. Lindbrook Capital LLC now owns 259 shares of the technology company’s stock valued at $33,000 after purchasing an additional 103 shares during the period. Y.D. More Investments Ltd acquired a new stake in Check Point Software Technologies during the 4th quarter valued at $47,000. Alta Advisers Ltd acquired a new position in shares of Check Point Software Technologies in the third quarter worth $45,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Check Point Software Technologies by 75.3% in the first quarter. Brown Brothers Harriman & Co. now owns 568 shares of the technology company’s stock worth $79,000 after acquiring an additional 244 shares during the last quarter. 64.76% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.9 %

NASDAQ:CHKP opened at $119.66 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $107.54 and a 12-month high of $135.93. The firm has a market capitalization of $15.01 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.51 and a beta of 0.69. The firm has a 50-day moving average price of $127.98 and a 200 day moving average price of $127.54.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings results on Monday, May 1st. The technology company reported $1.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.31. Check Point Software Technologies had a net margin of 34.20% and a return on equity of 27.22%. The firm had revenue of $566.20 million during the quarter, compared to analyst estimates of $568.83 million. During the same quarter in the prior year, the business posted $1.34 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, research analysts expect that Check Point Software Technologies Ltd. will post 6.95 EPS for the current year.

Analysts Set New Price Targets

CHKP has been the topic of a number of research reports. Raymond James downgraded shares of Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, April 14th. Scotiabank initiated coverage on shares of Check Point Software Technologies in a research note on Tuesday, January 17th. They issued a “sector outperform” rating and a $160.00 price target on the stock. Truist Financial upped their price target on shares of Check Point Software Technologies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Guggenheim initiated coverage on shares of Check Point Software Technologies in a research note on Monday, January 23rd. They issued a “neutral” rating on the stock. Finally, Piper Sandler upped their price target on shares of Check Point Software Technologies from $125.00 to $130.00 in a research note on Thursday, January 5th. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $134.09.

Check Point Software Technologies Company Profile

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Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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