Martin Investment Management LLC Buys 3,225 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Martin Investment Management LLC lifted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 2.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 163,357 shares of the technology company's stock after purchasing an additional 3,225 shares during the quarter. Check Point Software Technologies accounts for about 7.7% of Martin Investment Management LLC's investment portfolio, making the stock its 2nd largest holding. Martin Investment Management LLC owned 0.15% of Check Point Software Technologies worth $31,497,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Check Point Software Technologies during the second quarter valued at $30,000. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies during the 3rd quarter valued at about $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $37,000. FSC Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter worth approximately $60,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of 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 purchasing an additional 373 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Stock Up 0.4 %

NASDAQ CHKP traded up $0.72 during midday trading on Tuesday, hitting $170.90. The company had a trading volume of 675,194 shares, compared to its average volume of 694,553. The firm has a fifty day simple moving average of $194.09 and a two-hundred day simple moving average of $175.07. The stock has a market cap of $18.80 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 2.91 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $136.19 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.80 EPS. As a group, equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of research analyst reports. Truist Financial increased their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Barclays lowered their target price on Check Point Software Technologies from $210.00 to $200.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated a "sector perform" rating and set a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. BMO Capital Markets increased their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a report on Friday, October 25th. Finally, Robert W. Baird reduced their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $197.74.

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.