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

Asset Management One Co. Ltd. grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter valued at about $25,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth about $29,000. Quarry LP raised its position in Check Point Software Technologies by 100.0% in the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares during the period. Menard Financial Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $76,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

CHKP stock traded down $2.43 during trading on Friday, hitting $216.45. 622,022 shares of the stock traded hands, compared to its average volume of 787,403. Check Point Software Technologies Ltd. has a 1 year low of $163.08 and a 1 year high of $234.36. The firm's 50 day moving average is $220.36 and its two-hundred day moving average is $212.88. The stock has a market cap of $23.81 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 3.09 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHKP. BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. Stephens lowered their price objective on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Wedbush reiterated an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Finally, Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $232.44.

Check Point Software Technologies Company 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.