Townsquare Capital LLC Has $5.29 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Key Points

• Townsquare Capital LLC increased its holdings in Check Point Software Technologies by 12.0%, owning 23,200 shares valued at approximately $5.29 million.
• Check Point reported earnings of $2.37 per share, surpassing analysts' estimates, with a revenue of $665.20 million for the quarter, reflecting a 6.0% year-over-year increase.
• Multiple research analysts have lowered their price targets for Check Point Software, with an average target price of $228.08 and ratings ranging from "strong buy" to "hold."

Townsquare Capital LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 12.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,200 shares of the technology company's stock after buying an additional 2,489 shares during the period. Townsquare Capital LLC's holdings in Check Point Software Technologies were worth $5,288,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Larson Financial Group LLC raised its holdings in Check Point Software Technologies by 23.2% during the first quarter. Larson Financial Group LLC now owns 260 shares of the technology company's stock worth $59,000 after buying an additional 49 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Check Point Software Technologies by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after buying an additional 52 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Check Point Software Technologies by 19.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after buying an additional 55 shares during the last quarter. 3Chopt Investment Partners LLC raised its holdings in Check Point Software Technologies by 0.3% during the first quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock worth $4,461,000 after buying an additional 56 shares during the last quarter. Finally, Cable Hill Partners LLC raised its holdings in Check Point Software Technologies by 4.1% during the first quarter. Cable Hill Partners LLC now owns 1,563 shares of the technology company's stock worth $343,000 after buying an additional 61 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a report on Thursday, July 31st. Stephens reduced their target price on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a research note on Thursday, July 31st. Jefferies Financial Group reduced their target price on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a research note on Thursday, July 31st. Cantor Fitzgerald set a $220.00 target price on shares of Check Point Software Technologies and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $250.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Fifteen equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of "Moderate Buy" and an average target price of $228.08.

Check Point Software Technologies Trading Down 0.9%

Shares of Check Point Software Technologies stock opened at $183.32 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35. The company has a market cap of $20.16 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.76 and a beta of 0.59. The company's 50-day moving average price is $216.67 and its 200-day moving average price is $218.07.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.01. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. During the same period in the prior year, the firm posted $2.17 earnings per share. The company's revenue for the quarter was up 6.0% on a year-over-year basis. On average, sell-side analysts predict 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.

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