Daymark Wealth Partners LLC Invests $452,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Daymark Wealth Partners LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,983 shares of the technology company's stock, valued at approximately $452,000.

A number of other institutional investors have also modified their holdings of CHKP. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $29,000. Quarry LP boosted its stake in shares of 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 buying an additional 103 shares during the period. Menard Financial Group LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth about $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth about $76,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 2.2%

Shares of CHKP traded up $4.80 during mid-day trading on Monday, hitting $221.25. The company had a trading volume of 793,696 shares, compared to its average volume of 787,429. Check Point Software Technologies Ltd. has a 1-year low of $163.08 and a 1-year high of $234.36. The business's 50-day simple moving average is $220.64 and its 200-day simple moving average is $213.11. The stock has a market cap of $24.33 billion, a PE ratio of 29.19, a P/E/G ratio of 3.09 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly 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 32.75% and a return on equity of 32.88%. The company had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same quarter last year, the firm posted $2.04 earnings per share. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on CHKP. Stephens reduced their price objective on 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. Morgan Stanley dropped their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and increased their price target for the stock from $230.00 to $260.00 in a report on Thursday, March 27th. BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Finally, Mizuho upped their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Sixteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $232.44.

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.