Benjamin Edwards Inc. Buys 164 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Benjamin Edwards Inc. raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,201 shares of the technology company’s stock after buying an additional 164 shares during the quarter. Benjamin Edwards Inc.’s holdings in Check Point Software Technologies were worth $1,023,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $6,558,000. Principal Financial Group Inc. increased its holdings in shares of Check Point Software Technologies by 69.3% in the 4th quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock worth $4,129,000 after purchasing an additional 11,064 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Check Point Software Technologies in the first quarter worth $1,095,000. Envestnet Asset Management Inc. lifted its holdings 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 valued at $58,043,000 after purchasing an additional 17,916 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Check Point Software Technologies by 8.2% during 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 last quarter. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CHKP shares. Deutsche Bank Aktiengesellschaft upped their target price 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. Robert W. Baird raised their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. 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 research report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, Evercore ISI raised Check Point Software Technologies to a “hold” rating in a report on Monday, September 16th. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Stock Up 1.6 %

CHKP opened at $194.09 on Friday. The company has a market capitalization of $21.91 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $195.29. The firm has a 50-day simple moving average of $184.48 and a two-hundred day simple moving average of $167.73.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.74 EPS. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

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.