Assetmark Inc. lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 93.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 97,778 shares of the technology company's stock after purchasing an additional 47,218 shares during the quarter. Assetmark Inc. owned 0.09% of Check Point Software Technologies worth $18,853,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Check Point Software Technologies during the second quarter worth $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the third quarter valued at about $33,000. Concord Wealth Partners bought a new position in Check Point Software Technologies in the third quarter valued at about $37,000. FSC Wealth Advisors LLC acquired a new position in Check Point Software Technologies during the third quarter worth about $60,000. Finally, Sound Income Strategies LLC raised its stake in Check Point Software Technologies by 654.4% during the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company's stock worth $83,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 87.62% of the company's stock.
Check Point Software Technologies Trading Down 0.5 %
CHKP stock traded down $0.84 during midday trading on Friday, hitting $176.03. The stock had a trading volume of 714,551 shares, compared to its average volume of 959,778. The business has a fifty day moving average price of $192.81 and a two-hundred day moving average price of $175.39. Check Point Software Technologies Ltd. has a 1-year low of $138.00 and a 1-year high of $210.70. The firm has a market cap of $19.36 billion, a P/E ratio of 24.05, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Wedbush raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a "buy" rating in a research note on Tuesday, September 24th. Scotiabank upped their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 25th. JPMorgan Chase & Co. raised their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a report on Monday, October 28th. Finally, Susquehanna upped their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a "positive" rating in a report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $197.74.
Check Out Our Latest Research Report on Check Point Software Technologies
About Check Point Software Technologies
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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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