Sowell Financial Services LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sowell Financial Services LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,321 shares of the technology company's stock, valued at approximately $301,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP grew its position in Check Point Software Technologies by 22.0% during the fourth quarter. Allworth Financial LP now owns 611 shares of the technology company's stock worth $119,000 after buying an additional 110 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth approximately $35,000. Sanctuary Advisors LLC grew its position in Check Point Software Technologies by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,924 shares of the technology company's stock worth $919,000 after buying an additional 231 shares in the last quarter. CIBC Asset Management Inc grew its position in Check Point Software Technologies by 14.5% during the fourth quarter. CIBC Asset Management Inc now owns 9,589 shares of the technology company's stock worth $1,790,000 after buying an additional 1,215 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in Check Point Software Technologies by 5,018.2% during the fourth quarter. Venturi Wealth Management LLC now owns 563 shares of the technology company's stock worth $105,000 after buying an additional 552 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Down 0.1%

Shares of NASDAQ CHKP opened at $218.21 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $153.88 and a twelve month high of $234.36. The stock's 50 day moving average price is $220.20 and its 200-day moving average price is $211.61. The company has a market capitalization of $24.00 billion, a PE ratio of 28.79, a PEG ratio of 3.12 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced 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 return on equity of 32.88% and a net margin of 32.75%. The firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same quarter in the previous year, the business earned $2.04 EPS. The company's revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CHKP shares. BMO Capital Markets reissued an "outperform" rating and set a $250.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Wells Fargo & Company reduced their price target on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Sixteen 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $232.44.

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.

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