Compass Capital Management Inc. Has $66.84 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Compass Capital Management Inc. cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 293,252 shares of the technology company's stock after selling 34,942 shares during the quarter. Check Point Software Technologies accounts for 4.4% of Compass Capital Management Inc.'s portfolio, making the stock its 2nd largest position. Compass Capital Management Inc. owned about 0.27% of Check Point Software Technologies worth $66,838,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors raised its position in shares of Check Point Software Technologies by 4.4% during the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock worth $5,609,000 after purchasing an additional 1,278 shares during the period. Contravisory Investment Management Inc. acquired a new stake in Check Point Software Technologies during the 1st quarter worth about $1,057,000. Crux Wealth Advisors purchased a new stake in Check Point Software Technologies during the fourth quarter valued at about $542,000. Daymark Wealth Partners LLC acquired a new position in shares of Check Point Software Technologies in the first quarter worth about $452,000. Finally, Truist Financial Corp increased its position in shares of Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after acquiring an additional 3,080 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHKP shares. Stephens lowered their price objective on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $230.00 to $260.00 in a research report on Thursday, March 27th. Baird R W upgraded Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Finally, Roth Capital initiated coverage on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target for the company. Sixteen analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Stock Up 1.6%

Shares of NASDAQ:CHKP traded up $3.39 during trading on Monday, reaching $222.32. The stock had a trading volume of 318,314 shares, compared to its average volume of 785,504. The stock has a fifty day simple moving average of $219.86 and a two-hundred day simple moving average of $210.62. Check Point Software Technologies Ltd. has a 52 week low of $153.88 and a 52 week high of $234.36. The firm has a market capitalization of $24.45 billion, a price-to-earnings ratio of 29.76, a P/E/G ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.04 EPS. On average, analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Check Point Software Technologies 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.