6,980 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Drucker Wealth 3.0 LLC

Drucker Wealth 3.0 LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,980 shares of the technology company's stock, valued at approximately $1,152,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. APG Asset Management N.V. raised its stake in Check Point Software Technologies by 9.8% in the second quarter. APG Asset Management N.V. now owns 218,350 shares of the technology company's stock valued at $33,616,000 after buying an additional 19,499 shares during the last quarter. APG Asset Management US Inc. grew its holdings in Check Point Software Technologies by 1.8% during the second quarter. APG Asset Management US Inc. now owns 28,917 shares of the technology company's stock worth $4,771,000 after acquiring an additional 518 shares during the period. Toronto Dominion Bank acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth approximately $327,000. Squarepoint Ops LLC grew its position in Check Point Software Technologies by 202.0% during the second quarter. Squarepoint Ops LLC now owns 53,347 shares of the technology company's stock valued at $8,802,000 after buying an additional 35,685 shares during the period. Finally, Semmax Financial Advisors Inc. increased its stake in shares of Check Point Software Technologies by 14.9% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 12,491 shares of the technology company's stock valued at $2,277,000 after purchasing an additional 1,618 shares in the last quarter. Institutional investors own 87.62% of the company's stock.

Check Point Software Technologies Trading Up 0.5 %

NASDAQ CHKP traded up $0.96 during trading on Thursday, hitting $195.00. 284,828 shares of the company traded hands, compared to its average volume of 676,879. The company has a market capitalization of $22.02 billion, a P/E ratio of 26.99, a PEG ratio of 3.05 and a beta of 0.62. The business has a fifty day simple moving average of $185.81 and a 200 day simple moving average of $168.56. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $196.56.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same quarter in the prior year, the business posted $1.74 earnings per share. The company's quarterly revenue was up 6.6% compared to the same quarter last year. Equities research analysts predict that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CHKP. Barclays lifted their target price on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an "equal weight" rating in a research report on Thursday, July 25th. Scotiabank increased their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a "sector outperform" rating in a report on Thursday, July 25th. Royal Bank of Canada lifted their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 25th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the stock a "neutral" rating in a research note on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of "Hold" and a consensus price target of $184.47.

Check Point Software Technologies Company 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.