Greenleaf Trust Acquires 3,694 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Greenleaf Trust grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 137.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,384 shares of the technology company's stock after acquiring an additional 3,694 shares during the quarter. Greenleaf Trust's holdings in Check Point Software Technologies were worth $1,231,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Kathmere Capital Management LLC boosted its holdings in shares of Check Point Software Technologies by 12.4% in the 1st quarter. Kathmere Capital Management LLC now owns 1,719 shares of the technology company's stock valued at $282,000 after buying an additional 190 shares during the last quarter. SteelPeak Wealth LLC bought a new stake in Check Point Software Technologies in the 1st quarter valued at $251,000. Miracle Mile Advisors LLC bought a new stake in Check Point Software Technologies in the 1st quarter valued at $396,000. Allspring Global Investments Holdings LLC raised its stake in Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company's stock valued at $15,980,000 after acquiring an additional 7,357 shares during the period. Finally, Norden Group LLC bought a new stake in Check Point Software Technologies in the 1st quarter valued at $200,000. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Stock Performance

Shares of CHKP traded up $1.76 during mid-day trading on Friday, reaching $207.16. 514,001 shares of the company were exchanged, compared to its average volume of 674,862. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $210.70. The stock has a market capitalization of $23.39 billion, a PE ratio of 28.59, a PEG ratio of 3.17 and a beta of 0.62. The business has a 50 day simple moving average of $194.88 and a two-hundred day simple moving average of $173.81.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping 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 company had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period last year, the company earned $1.74 earnings per share. The firm's revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CHKP shares. Mizuho increased their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, October 17th. Evercore ISI upgraded Check Point Software Technologies to a "hold" rating in a research report on Monday, September 16th. Truist Financial increased their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a "neutral" rating in a research report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "hold" rating in a research report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $194.67.

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.