Ashton Thomas Private Wealth LLC Acquires 92 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ashton Thomas Private Wealth LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,443 shares of the technology company’s stock after buying an additional 92 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Check Point Software Technologies were worth $1,242,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Swedbank AB bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at $69,487,000. Boston Partners grew its holdings in Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after purchasing an additional 419,404 shares during the period. Acadian Asset Management LLC increased its position in Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after buying an additional 391,983 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $47,244,000. Finally, Meitav Investment House Ltd. increased its holdings in Check Point Software Technologies by 1,295.8% in the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock worth $34,557,000 after acquiring an additional 194,595 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 0.3 %

CHKP stock opened at $177.21 on Thursday. The firm’s fifty day simple moving average is $192.28 and its two-hundred day simple moving average is $175.86. The stock has a market capitalization of $19.49 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $139.55 and a twelve month high of $210.70.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CHKP shares. Robert W. Baird dropped their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a report on Thursday, July 25th. Susquehanna raised their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $197.74.

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.