3Chopt Investment Partners LLC Has $3.21 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

3Chopt Investment Partners LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,441 shares of the technology company’s stock after acquiring an additional 422 shares during the period. Check Point Software Technologies accounts for 1.0% of 3Chopt Investment Partners LLC’s investment portfolio, making the stock its 20th largest holding. 3Chopt Investment Partners LLC’s holdings in Check Point Software Technologies were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $30,000. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $31,000. Richardson Financial Services Inc. bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $33,000. Transcendent Capital Group LLC acquired a new stake in Check Point Software Technologies in the first quarter worth $107,000. Finally, Alaska Permanent Fund Corp bought a new stake in Check Point Software Technologies in the first quarter valued at $117,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $192.81 on Tuesday. The company has a market capitalization of $21.77 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 3.05 and a beta of 0.62. The business has a 50 day moving average of $187.17 and a 200 day moving average of $169.20. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $196.56.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data 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. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same period in the previous year, the business posted $1.74 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Analysts Set New Price Targets

CHKP has been the subject of a number of research analyst reports. Barclays boosted their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Jefferies Financial Group increased their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted 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 note on Thursday, July 25th. Evercore ISI raised shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Finally, Truist Financial reiterated a “buy” rating and set a $200.00 price objective (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $184.47.

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.