Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in Check Point Software Technologies Ltd. by 10%, owning 20,736 shares worth approximately $4.73 million as of the end of the last reporting period.
• The company reported quarterly earnings of $2.37 per share, exceeding estimates, with revenues of $665.20 million, representing a 6% increase from the previous year.
• Check Point Software Technologies has a market cap of $20.70 billion and is subject to mixed ratings from analysts, with an average price target of $228.08.

Blair William & Co. IL increased its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,736 shares of the technology company's stock after buying an additional 1,881 shares during the period. Blair William & Co. IL's holdings in Check Point Software Technologies were worth $4,726,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $29,000. Cromwell Holdings LLC acquired a new stake in Check Point Software Technologies during the 1st quarter valued at approximately $37,000. Quarry LP increased its holdings in Check Point Software Technologies by 100.0% during the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares during the last quarter. Abound Financial LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter valued at approximately $40,000. Finally, Menard Financial Group LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $188.21 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $169.01 and a 1 year high of $234.35. The firm has a market capitalization of $20.70 billion, a PE ratio of 24.51, a price-to-earnings-growth ratio of 2.84 and a beta of 0.59. The stock has a fifty day moving average of $218.33 and a two-hundred day moving average of $217.99.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.01. The business had revenue of $665.20 million during the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.17 earnings per share. Equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CHKP shares. Wedbush restated an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the company a "neutral" rating in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price target on shares of Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a research report on Thursday, July 31st. Roth Capital began coverage on Check Point Software Technologies in a report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price objective for the company. Finally, Jefferies Financial Group reduced their target price on Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $228.08.

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.

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