1,983 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Daymark Wealth Partners LLC

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

Several other large investors also recently bought and sold shares of CHKP. Norges Bank purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $428,820,000. Clearbridge Investments LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at approximately $100,456,000. Causeway Capital Management LLC grew its position in shares of Check Point Software Technologies by 33.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after buying an additional 487,823 shares in the last quarter. Altshuler Shaham Ltd bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $73,186,000. Finally, First Trust Advisors LP raised its holdings in Check Point Software Technologies by 17.4% in the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock valued at $340,314,000 after acquiring an additional 269,925 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded down $4.02 during midday trading on Friday, reaching $218.93. 1,057,939 shares of the company traded hands, compared to its average volume of 787,312. The company has a market cap of $24.08 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.41 and a beta of 0.66. The stock has a 50-day moving average price of $219.86 and a 200 day moving average price of $210.21. Check Point Software Technologies Ltd. has a 52 week low of $153.88 and a 52 week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly 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 company had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.04 EPS. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on CHKP shares. Royal Bank of Canada reaffirmed 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. Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Morgan Stanley lowered their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Stephens dropped their price target on 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. Finally, Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a report on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $232.04.

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.