Semmax Financial Advisors Inc. Purchases 1,618 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Semmax Financial Advisors Inc. boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,491 shares of the technology company’s stock after acquiring an additional 1,618 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Check Point Software Technologies were worth $2,277,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP purchased a new stake in shares of Check Point Software Technologies during the 2nd quarter valued at about $47,244,000. Public Sector Pension Investment Board boosted its stake in shares of Check Point Software Technologies by 2.1% during the 2nd quarter. Public Sector Pension Investment Board now owns 37,936 shares of the technology company’s stock worth $6,259,000 after acquiring an additional 764 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Check Point Software Technologies by 8.9% in the 2nd quarter. 1832 Asset Management L.P. now owns 28,522 shares of the technology company’s stock worth $4,706,000 after purchasing an additional 2,320 shares in the last quarter. Heron Bay Capital Management lifted its position in Check Point Software Technologies by 0.3% during the second quarter. Heron Bay Capital Management now owns 32,873 shares of the technology company’s stock valued at $5,424,000 after purchasing an additional 92 shares in the last quarter. Finally, Capstone Triton Financial Group LLC grew its holdings in Check Point Software Technologies by 1.9% during the second quarter. Capstone Triton Financial Group LLC now owns 10,742 shares of the technology company’s stock valued at $1,772,000 after purchasing an additional 196 shares during the period. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the subject of several analyst reports. BMO Capital Markets increased 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 report on Thursday, July 25th. Susquehanna increased their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted 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. Evercore ISI upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Finally, Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $195.47 on Tuesday. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $196.56. The company has a market cap of $22.07 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 2.96 and a beta of 0.62. The business’s 50 day moving average price is $184.95 and its 200-day moving average price is $168.13.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 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%. The firm’s revenue was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 EPS. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current 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.