1,200 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by Stonegate Investment Group LLC

Stonegate Investment Group LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,200 shares of the technology company's stock, valued at approximately $274,000.

Other hedge funds have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new stake in Check Point Software Technologies in the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $29,000. Quarry LP boosted its stake in shares of Check Point Software Technologies by 100.0% in the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after buying an additional 103 shares in the last quarter. Menard Financial Group LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in Check Point Software Technologies during the fourth quarter worth $76,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.0%

Shares of CHKP stock traded down $0.05 during mid-day trading on Thursday, hitting $218.88. 611,817 shares of the company's stock were exchanged, compared to its average volume of 787,833. The stock has a market cap of $24.07 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 3.13 and a beta of 0.66. The stock has a 50-day simple moving average of $220.33 and a two-hundred day simple moving average of $212.34. Check Point Software Technologies Ltd. has a fifty-two week low of $155.84 and a fifty-two week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) 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 analyst estimates of $635.80 million. During the same period last year, the company earned $2.04 EPS. The firm's quarterly revenue was up 6.5% on a year-over-year basis. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHKP. Scotiabank decreased their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Wedbush reissued an "outperform" rating and set a $240.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 24th. Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their target price for the stock from $230.00 to $260.00 in a research report on Thursday, March 27th. Mizuho lifted their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $215.00 price target on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company 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.