Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Diversified Trust Co

Diversified Trust Co raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 33.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,221 shares of the technology company's stock after buying an additional 6,752 shares during the period. Diversified Trust Co's holdings in Check Point Software Technologies were worth $6,204,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CHKP. Board of the Pension Protection Fund boosted its holdings in Check Point Software Technologies by 13.2% in the first quarter. Board of the Pension Protection Fund now owns 4,300 shares of the technology company's stock valued at $980,000 after purchasing an additional 500 shares during the period. PDS Planning Inc acquired a new stake in Check Point Software Technologies in the 1st quarter valued at about $205,000. Sequoia Financial Advisors LLC boosted its stake in shares of Check Point Software Technologies by 18.9% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,394 shares of the technology company's stock valued at $1,457,000 after buying an additional 1,015 shares during the period. Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 2.8% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock worth $384,591,000 after buying an additional 46,713 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its stake in shares of Check Point Software Technologies by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 378 shares of the technology company's stock worth $86,000 after buying an additional 189 shares during the period. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $218.88 on Friday. Check Point Software Technologies Ltd. has a one year low of $155.84 and a one year high of $234.36. The stock has a market capitalization of $24.07 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.13 and a beta of 0.66. The company has a 50-day simple moving average of $220.33 and a 200-day simple moving average of $212.34.

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

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Robert W. Baird upgraded shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. Jefferies Financial Group increased their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Finally, Stephens decreased their price target on 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. Sixteen 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. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and a consensus price target of $232.44.

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.

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