Heron Bay Capital Management Increases Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Heron Bay Capital Management grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,873 shares of the technology company’s stock after buying an additional 92 shares during the quarter. Heron Bay Capital Management’s holdings in Check Point Software Technologies were worth $5,424,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Check Point Software Technologies in the second quarter worth $30,000. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $31,000. Richardson Financial Services Inc. purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $33,000. Transcendent Capital Group LLC bought a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $107,000. Finally, Alaska Permanent Fund Corp purchased a new position in shares of Check Point Software Technologies during the first quarter valued at about $117,000. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on CHKP shares. Jefferies Financial Group raised their price objective on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Evercore ISI upgraded Check Point Software Technologies to a “hold” rating in a research report on Monday, September 16th. 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. Wedbush raised their price objective on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Finally, BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $183.68.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $194.09 on Friday. The company has a market capitalization of $21.91 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.96 and a beta of 0.62. The stock has a 50-day moving average of $184.48 and a 200 day moving average of $167.80. Check Point Software Technologies Ltd. has a one year low of $126.57 and a one year high of $195.29.

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

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.