Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Boosted by Diversified Trust Co

Diversified Trust Co lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 33.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 large investors have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth about $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth about $29,000. Quarry LP increased its position 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 in the last quarter. Menard Financial Group LLC acquired a new stake in Check Point Software Technologies during the 4th quarter worth approximately $41,000. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after buying an additional 55 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CHKP shares. Mizuho boosted their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. BMO Capital Markets restated an "outperform" rating and set a $250.00 target price on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Wedbush reaffirmed an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Wells Fargo & Company cut their price objective on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $220.00 to $260.00 in a research note on Monday, March 3rd. Sixteen investment 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. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of "Hold" and a consensus target price of $232.44.

Check Point Software Technologies Trading Up 2.2%

Check Point Software Technologies stock traded up $4.72 during midday trading on Monday, hitting $221.17. The stock had a trading volume of 333,800 shares, compared to its average volume of 785,675. The business has a fifty day moving average price of $220.36 and a 200 day moving average price of $212.88. Check Point Software Technologies Ltd. has a 12 month low of $163.08 and a 12 month high of $234.36. The stock has a market cap of $24.32 billion, a P/E ratio of 29.18, a P/E/G ratio of 3.09 and a beta of 0.66.

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

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.