Daymark Wealth Partners LLC Purchases Shares of 1,983 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Daymark Wealth Partners LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 1,983 shares of the technology company's stock, valued at approximately $452,000.

Other institutional investors also recently bought and sold shares of the company. World Investment Advisors raised its holdings 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 valued at $5,609,000 after acquiring an additional 1,278 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $1,057,000. Crux Wealth Advisors purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at approximately $542,000. Truist Financial Corp lifted its holdings in 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 valued at $22,311,000 after acquiring an additional 3,080 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its holdings in Check Point Software Technologies by 99.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after acquiring an additional 2,478 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Mizuho boosted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Stephens reduced their target price on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Wall Street Zen upgraded shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Scotiabank reduced their price objective on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 24th. Sixteen research 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.com, the stock presently has an average rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Trading Down 3.0%

NASDAQ CHKP traded down $6.98 on Wednesday, hitting $222.67. 1,357,877 shares of the stock traded hands, compared to its average volume of 782,439. The company has a market capitalization of $24.49 billion, a P/E ratio of 29.81, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The stock has a 50-day moving average of $219.32 and a 200 day moving average of $209.59. Check Point Software Technologies Ltd. has a twelve month low of $153.88 and a twelve month high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued 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. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same period in the prior year, the company earned $2.04 earnings per share. The firm's revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.