Inspire Investing LLC Has $2.82 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Inspire Investing LLC lessened its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,103 shares of the technology company’s stock after selling 865 shares during the period. Inspire Investing LLC’s holdings in Check Point Software Technologies were worth $2,822,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CHKP. Argonautica Private Wealth Management Inc. boosted its position in Check Point Software Technologies by 1.3% in the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after buying an additional 78 shares in the last quarter. Guardian Wealth Management Inc. grew its position in shares of Check Point Software Technologies by 0.5% in the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after acquiring an additional 85 shares during the period. Mather Group LLC. grew its position in shares of Check Point Software Technologies by 5.1% in the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after acquiring an additional 99 shares during the period. Butensky & Cohen Financial Security Inc. lifted its stake in shares of Check Point Software Technologies by 0.4% during the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock worth $4,342,000 after buying an additional 102 shares during the last quarter. Finally, Legacy Capital Group California Inc. lifted its stake in shares of Check Point Software Technologies by 6.8% during the 2nd quarter. Legacy Capital Group California Inc. now owns 1,613 shares of the technology company’s stock worth $266,000 after buying an additional 102 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 1.4 %

Shares of NASDAQ:CHKP opened at $188.99 on Thursday. The company has a market capitalization of $21.34 billion, a PE ratio of 26.25, a PEG ratio of 2.96 and a beta of 0.62. The business has a 50 day moving average of $183.61 and a two-hundred day moving average of $167.32. Check Point Software Technologies Ltd. has a 12-month low of $126.57 and a 12-month high of $195.29.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same period in the prior year, the business earned $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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on CHKP shares. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Robert W. Baird boosted their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Susquehanna increased 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 report on Thursday, July 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $183.68.

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.