1,345 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Garner Asset Management Corp

Garner Asset Management Corp acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,345 shares of the technology company's stock, valued at approximately $307,000.

A number of other large investors have also recently bought and sold shares of CHKP. Nemes Rush Group LLC bought a new position in Check Point Software Technologies in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $29,000. Cromwell Holdings LLC acquired a new position in shares of Check Point Software Technologies during the first quarter worth $37,000. Quarry LP increased its holdings 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 in the last quarter. Finally, Abound Financial LLC acquired a new position in Check Point Software Technologies in the 1st quarter worth about $40,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Wedbush reaffirmed an "outperform" rating and issued a $240.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 24th. Mizuho upped their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a report on Monday, June 16th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $250.00 target price on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Finally, Stephens lowered their target price on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Fifteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $236.50.

Check Point Software Technologies Trading Down 0.9%

NASDAQ CHKP traded down $1.90 on Friday, hitting $220.11. 789,371 shares of the company were exchanged, compared to its average volume of 629,111. The company has a market cap of $24.21 billion, a PE ratio of 29.04, a PEG ratio of 3.15 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35. The stock has a fifty day moving average of $222.85 and a 200-day moving average of $217.57.

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 (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million for 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%. Check Point Software Technologies's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.04 earnings per share. On average, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.