Qsemble Capital Management LP Invests $419,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Qsemble Capital Management LP acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,172 shares of the technology company’s stock, valued at approximately $419,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Check Point Software Technologies by 32.2% in the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after buying an additional 20,866 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Check Point Software Technologies by 2.2% in the 3rd quarter. Loomis Sayles & Co. L P now owns 61,734 shares of the technology company’s stock worth $11,903,000 after buying an additional 1,313 shares during the last quarter. Independent Advisor Alliance purchased a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $203,000. Fisher Asset Management LLC grew its position in shares of Check Point Software Technologies by 143.0% in the 3rd quarter. Fisher Asset Management LLC now owns 3,329 shares of the technology company’s stock worth $642,000 after buying an additional 1,959 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Check Point Software Technologies by 4.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,855 shares of the technology company’s stock worth $1,707,000 after buying an additional 367 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP opened at $181.55 on Thursday. The firm has a fifty day moving average price of $189.67 and a 200 day moving average price of $177.76. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70. The stock has a market cap of $19.97 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.12 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the previous year, the business posted $1.80 EPS. The business’s revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Truist Financial boosted their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Robert W. Baird dropped their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.