CWA Asset Management Group LLC Buys 12,037 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CWA Asset Management Group LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 108.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,157 shares of the technology company's stock after buying an additional 12,037 shares during the quarter. CWA Asset Management Group LLC's holdings in Check Point Software Technologies were worth $5,278,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. QRG Capital Management Inc. increased its stake in Check Point Software Technologies by 19.1% in the first quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock valued at $557,000 after acquiring an additional 391 shares during the period. Sowell Financial Services LLC acquired a new stake in Check Point Software Technologies during the first quarter valued at approximately $301,000. Optas LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at approximately $201,000. Aries Wealth Management raised its holdings in shares of Check Point Software Technologies by 21.8% in the 1st quarter. Aries Wealth Management now owns 2,543 shares of the technology company's stock worth $580,000 after buying an additional 456 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Check Point Software Technologies by 149.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,827 shares of the technology company's stock worth $2,924,000 after buying an additional 7,691 shares during the period. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Down 0.3%

Shares of NASDAQ:CHKP traded down $0.66 during trading on Friday, hitting $217.76. 306,397 shares of the company's stock were exchanged, compared to its average volume of 786,386. The firm has a market cap of $23.95 billion, a P/E ratio of 28.68, a PEG ratio of 3.12 and a beta of 0.66. The firm has a 50-day moving average price of $220.19 and a two-hundred day moving average price of $211.25. Check Point Software Technologies Ltd. has a 1-year low of $153.88 and a 1-year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS 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 32.75% and a return on equity of 32.88%. The business's quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.04 EPS. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wall Street Zen upgraded Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Wells Fargo & Company lowered their target price on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Stephens decreased 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 note on Thursday, April 24th. Finally, Piper Sandler upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Sixteen 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's stock. According to data from MarketBeat.com, the company presently has an average 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.