Bradley Foster & Sargent Inc. CT Has $847,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Bradley Foster & Sargent Inc. CT lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,133 shares of the technology company’s stock after selling 270 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Check Point Software Technologies were worth $847,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CHKP. Tidal Investments LLC acquired a new position in shares of Check Point Software Technologies during the first quarter valued at $6,558,000. Principal Financial Group Inc. lifted its position in Check Point Software Technologies by 69.3% during the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock valued at $4,129,000 after purchasing an additional 11,064 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth approximately $1,095,000. Envestnet Asset Management Inc. raised its stake in shares of Check Point Software Technologies by 4.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 379,889 shares of the technology company’s stock worth $58,043,000 after buying an additional 17,916 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Check Point Software Technologies by 8.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after buying an additional 7,357 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 1.1 %

NASDAQ CHKP opened at $191.09 on Friday. The firm’s 50 day moving average is $184.03 and its 200-day moving average is $167.49. The company has a market capitalization of $21.58 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. 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 quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $623.19 million. During the same period in the previous year, the business earned $1.74 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CHKP shares. Susquehanna lifted their target price on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a research note on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Finally, Wedbush increased their price target on shares of 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. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $183.68.

About Check Point Software Technologies

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.