Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Creative Planning

Creative Planning boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,184 shares of the technology company’s stock after purchasing an additional 2,674 shares during the quarter. Creative Planning’s holdings in Check Point Software Technologies were worth $4,084,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter worth $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Check Point Software Technologies during the 2nd quarter worth $30,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 1st quarter worth $31,000. Sound Income Strategies LLC boosted its position in Check Point Software Technologies by 654.4% during the 3rd quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock worth $83,000 after acquiring an additional 373 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in Check Point Software Technologies during the 1st quarter worth $107,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CHKP shares. Robert W. Baird boosted their price objective on Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Barclays boosted their price objective on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Truist Financial boosted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Susquehanna boosted their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $194.67.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $207.16 on Friday. The business’s 50-day moving average price is $194.88 and its two-hundred day moving average price is $173.81. Check Point Software Technologies Ltd. has a one year low of $126.57 and a one year high of $210.70. The company has a market capitalization of $23.39 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. During the same quarter in the previous year, the company posted $1.74 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS 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.