Asset Management One Co. Ltd. Purchases 4,614 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Asset Management One Co. Ltd. grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,257 shares of the technology company's stock after buying an additional 4,614 shares during the quarter. Asset Management One Co. Ltd. owned 0.08% of Check Point Software Technologies worth $19,204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CHKP. Sanctuary Advisors LLC lifted its position in shares of Check Point Software Technologies by 4.9% during the 4th quarter. Sanctuary Advisors LLC now owns 4,924 shares of the technology company's stock worth $919,000 after buying an additional 231 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Check Point Software Technologies by 42.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 4,161 shares of the technology company's stock worth $777,000 after purchasing an additional 1,247 shares during the last quarter. Pinnacle West Asset Management Inc. increased its stake in shares of Check Point Software Technologies by 5.8% during the 4th quarter. Pinnacle West Asset Management Inc. now owns 1,100 shares of the technology company's stock worth $205,000 after purchasing an additional 60 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its stake in shares of Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after purchasing an additional 56 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Check Point Software Technologies by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 64,330 shares of the technology company's stock worth $12,010,000 after purchasing an additional 1,065 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

CHKP opened at $218.93 on Thursday. Check Point Software Technologies Ltd. has a one year low of $153.88 and a one year high of $234.36. The company has a fifty day moving average price of $220.25 and a 200-day moving average price of $212.13. The firm has a market capitalization of $24.08 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The company had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the business earned $2.04 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

CHKP has been the subject of several research analyst reports. BMO Capital Markets restated an "outperform" rating and set a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Finally, Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their price target for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $232.44.

Check Point Software Technologies Profile

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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