Creekmur Asset Management LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Creekmur Asset Management LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,197 shares of the technology company's stock, valued at approximately $273,000.

Several other hedge funds also recently modified their holdings of the stock. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth $29,000. Cromwell Holdings LLC bought a new stake in Check Point Software Technologies during the first quarter worth $37,000. Quarry LP lifted its holdings in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares during the period. Finally, Abound Financial LLC bought a new stake in Check Point Software Technologies during the first quarter worth $40,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Down 0.9%

Shares of NASDAQ CHKP traded down $1.99 during trading hours on Friday, reaching $215.48. 911,625 shares of the stock traded hands, compared to its average volume of 789,936. The company has a market capitalization of $23.70 billion, a P/E ratio of 28.43, a price-to-earnings-growth ratio of 3.08 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $169.02 and a 52-week high of $234.36. The company's 50-day simple moving average is $222.32 and its two-hundred day simple moving average is $216.18.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping 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 business had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same quarter last year, the business posted $2.04 EPS. The business's revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CHKP shares. Stephens lowered their target price on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Scotiabank lowered their target price on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Wedbush restated an "outperform" rating and issued a $240.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Cantor Fitzgerald boosted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Wall Street Zen upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $234.24.

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.