M&G Plc Invests $16.17 Million in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

M&G Plc bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 98,619 shares of the technology company’s stock, valued at approximately $16,174,000. M&G Plc owned 0.08% of Check Point Software Technologies as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $31,000. Bruce G. Allen Investments LLC purchased a new position in Check Point Software Technologies during the fourth quarter worth approximately $30,000. Richardson Financial Services Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $33,000. Salem Investment Counselors Inc. increased its position in shares of Check Point Software Technologies by 483.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after buying an additional 237 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its stake in shares of Check Point Software Technologies by 37.0% during the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after buying an additional 135 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 0.9 %

Check Point Software Technologies stock traded down $1.61 during midday trading on Friday, hitting $170.49. 755,062 shares of the stock were exchanged, compared to its average volume of 621,525. The stock has a market capitalization of $19.25 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.69 and a beta of 0.62. The stock’s 50-day simple moving average is $159.18 and its 200 day simple moving average is $159.41. Check Point Software Technologies Ltd. has a fifty-two week low of $125.68 and a fifty-two week high of $174.93.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The firm had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Wedbush reissued an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research note on Friday, April 26th. Barclays raised their price target on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Stifel Nicolaus lowered their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Finally, Mizuho reissued a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $169.18.

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.