Hohimer Wealth Management LLC Buys 1,326 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hohimer Wealth Management LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,761 shares of the technology company’s stock after acquiring an additional 1,326 shares during the period. Hohimer Wealth Management LLC’s holdings in Check Point Software Technologies were worth $3,096,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at $30,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the 1st quarter worth about $31,000. Richardson Financial Services Inc. acquired a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth approximately $92,000. Finally, Transcendent Capital Group LLC bought a new stake in Check Point Software Technologies in the first quarter worth approximately $107,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. lifted their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Barclays upped their price objective on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Jefferies Financial Group raised their target price on Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada upped 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. Fifteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $183.68.

Check Point Software Technologies Stock Down 1.2 %

Check Point Software Technologies stock traded down $2.20 during midday trading on Thursday, hitting $188.09. 78,758 shares of the stock were exchanged, compared to its average volume of 686,838. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $193.27. The business’s 50-day moving average price is $179.06 and its 200-day moving average price is $165.17. The stock has a market capitalization of $21.24 billion, a price-to-earnings ratio of 26.43, a price-to-earnings-growth ratio of 3.00 and a beta of 0.62.

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

Check Point Software Technologies 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.