Assenagon Asset Management S.A. boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 184.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 57,690 shares of the technology company's stock after purchasing an additional 37,407 shares during the period. Assenagon Asset Management S.A. owned approximately 0.05% of Check Point Software Technologies worth $13,149,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the stock. Integrated Advisors Network LLC grew its position in Check Point Software Technologies by 15.2% in the 1st quarter. Integrated Advisors Network LLC now owns 1,248 shares of the technology company's stock worth $284,000 after purchasing an additional 165 shares during the period. Moseley Investment Management Inc. bought a new stake in Check Point Software Technologies in the 1st quarter worth approximately $226,000. City Holding Co. grew its position in Check Point Software Technologies by 15.6% in the 1st quarter. City Holding Co. now owns 7,008 shares of the technology company's stock worth $1,597,000 after purchasing an additional 948 shares during the period. Daymark Wealth Partners LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at $452,000. Finally, Portside Wealth Group LLC grew its position in shares of Check Point Software Technologies by 53.1% during the 1st quarter. Portside Wealth Group LLC now owns 1,794 shares of the technology company's stock valued at $409,000 after acquiring an additional 622 shares during the period. Institutional investors own 98.51% of the company's stock.
Check Point Software Technologies Stock Down 1.8%
CHKP stock traded down $4.02 during mid-day trading on Friday, hitting $218.93. The company had a trading volume of 1,057,939 shares, compared to its average volume of 786,150. The company has a market capitalization of $24.08 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12-month low of $153.88 and a 12-month high of $234.36. The company has a 50-day moving average price of $219.86 and a 200 day moving average price of $210.21.
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 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same quarter in the previous year, the company earned $2.04 EPS. The business's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.
Analyst Ratings Changes
A number of brokerages have recently issued reports on CHKP. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $250.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $232.04.
Read Our Latest Stock Analysis on Check Point Software Technologies
Check Point Software Technologies Profile
(
Free Report)
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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