Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Free Report) was the target of a significant increase in short interest in November. As of November 30th, there was short interest totalling 4,190,000 shares, an increase of 7.2% from the November 15th total of 3,910,000 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average daily volume of 824,200 shares, the days-to-cover ratio is presently 5.1 days.

Check Point Software Technologies Stock Up 0.8 %

NASDAQ:CHKP traded up $1.22 on Friday, hitting $146.02. The stock had a trading volume of 1,630,323 shares, compared to its average volume of 861,010. The business’s 50-day simple moving average is $140.16 and its two-hundred day simple moving average is $133.77. Check Point Software Technologies has a 52-week low of $117.18 and a 52-week high of $150.15. The stock has a market cap of $17.08 billion, a price-to-earnings ratio of 20.37, a price-to-earnings-growth ratio of 2.68 and a beta of 0.65.

Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last issued its earnings results on Monday, October 30th. The technology company reported $2.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.02 by $0.05. The company had revenue of $596.30 million for the quarter, compared to the consensus estimate of $591.85 million. Check Point Software Technologies had a return on equity of 30.88% and a net margin of 36.03%. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. During the same quarter last year, the company earned $1.51 EPS. As a group, equities research analysts anticipate that Check Point Software Technologies will post 7.28 EPS for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of research reports. Citigroup increased their price objective on Check Point Software Technologies from $125.00 to $135.00 and gave the stock a “neutral” rating in a report on Tuesday, August 29th. JPMorgan Chase & Co. raised their price target on Check Point Software Technologies from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, December 11th. StockNews.com assumed coverage on Check Point Software Technologies in a report on Thursday, October 5th. They set a “buy” rating for the company. Bank of America raised their price target on Check Point Software Technologies from $140.00 to $160.00 and gave the company a “buy” rating in a report on Friday, November 24th. Finally, Mizuho raised their price target on Check Point Software Technologies from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average price target of $140.23.

Get Our Latest Report on Check Point Software Technologies

Institutional Trading of Check Point Software Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its stake in Check Point Software Technologies by 23.5% in the 1st quarter. Acadian Asset Management LLC now owns 4,602,870 shares of the technology company’s stock worth $598,307,000 after acquiring an additional 876,240 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Check Point Software Technologies by 138.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,505,958 shares of the technology company’s stock worth $195,775,000 after acquiring an additional 875,580 shares during the last quarter. Norges Bank bought a new stake in Check Point Software Technologies in the 4th quarter worth approximately $80,456,000. Ariel Investments LLC increased its stake in Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after acquiring an additional 593,623 shares during the last quarter. Finally, Morningstar Investment Services LLC bought a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $65,522,000. Institutional investors own 68.34% of the company’s stock.

About Check Point Software Technologies (Get Free Report)

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.

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Original: MarketBeat News Feed: Check Point Software Technologies Ltd. (NASDAQ:CHKP) Short Interest Update