Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,742 shares of the technology company’s stock after purchasing an additional 196 shares during the period. Check Point Software Technologies makes up about 1.2% of Capstone Triton Financial Group LLC’s holdings, making the stock its 25th largest holding. Capstone Triton Financial Group LLC’s holdings in Check Point Software Technologies were worth $1,772,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans lifted its position in shares of Check Point Software Technologies by 89.7% during the second quarter. Thrivent Financial for Lutherans now owns 110,627 shares of the technology company’s stock worth $18,253,000 after purchasing an additional 52,300 shares in the last quarter. Sei Investments Co. lifted its holdings in Check Point Software Technologies by 14.9% during the 2nd quarter. Sei Investments Co. now owns 394,496 shares of the technology company’s stock worth $65,092,000 after buying an additional 51,073 shares in the last quarter. AE Wealth Management LLC purchased a new position in Check Point Software Technologies in the 2nd quarter valued at approximately $327,000. Benjamin Edwards Inc. grew its stake in shares of Check Point Software Technologies by 2.7% in the second quarter. Benjamin Edwards Inc. now owns 6,201 shares of the technology company’s stock worth $1,023,000 after acquiring an additional 164 shares in the last quarter. Finally, WCG Wealth Advisors LLC increased its position in shares of Check Point Software Technologies by 5.2% during the second quarter. WCG Wealth Advisors LLC now owns 12,774 shares of the technology company’s stock worth $2,108,000 after acquiring an additional 637 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 1.6 %

CHKP stock opened at $194.09 on Friday. The business has a 50 day simple moving average of $184.48 and a 200-day simple moving average of $167.73. The company has a market capitalization of $21.91 billion, a P/E ratio of 26.96, a PEG ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $195.29.

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

Analysts Set New Price Targets

A number of research firms recently issued reports on CHKP. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Evercore ISI upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Royal Bank of Canada upped their target price on shares of 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. JPMorgan Chase & Co. lifted their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Finally, Wedbush increased their price objective 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 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 company presently has an average rating of “Hold” and an average target price 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.