274 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKPGet Rating) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 274 shares of the technology company’s stock, valued at approximately $33,000.

Several other large investors also recently modified their holdings of CHKP. Boston Partners grew its holdings in shares of Check Point Software Technologies by 17,268.0% in the first quarter. Boston Partners now owns 1,873,144 shares of the technology company’s stock worth $259,013,000 after acquiring an additional 1,862,359 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Check Point Software Technologies by 79.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 900,204 shares of the technology company’s stock worth $109,626,000 after acquiring an additional 397,986 shares during the period. Border to Coast Pensions Partnership Ltd bought a new stake in shares of Check Point Software Technologies in the first quarter worth $34,635,000. Bank of New York Mellon Corp grew its holdings in shares of Check Point Software Technologies by 106.5% in the first quarter. Bank of New York Mellon Corp now owns 621,708 shares of the technology company’s stock worth $85,957,000 after acquiring an additional 320,642 shares during the period. Finally, Ardevora Asset Management LLP grew its holdings in shares of Check Point Software Technologies by 40.4% in the second quarter. Ardevora Asset Management LLP now owns 534,034 shares of the technology company’s stock worth $65,035,000 after acquiring an additional 153,793 shares during the period. Institutional investors own 67.03% of the company’s stock.

Check Point Software Technologies Trading Up 1.6 %

NASDAQ:CHKP opened at $131.55 on Wednesday. The company has a market capitalization of $16.50 billion, a P/E ratio of 21.53, a P/E/G ratio of 2.76 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12 month low of $107.54 and a 12 month high of $149.62. The business’s 50-day moving average is $119.39 and its 200 day moving average is $121.57.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last posted its earnings results on Thursday, October 27th. The technology company reported $1.77 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.10. The company had revenue of $577.60 million for the quarter, compared to the consensus estimate of $571.78 million. Check Point Software Technologies had a return on equity of 26.20% and a net margin of 34.35%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.44 earnings per share. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 6.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CHKP shares. BMO Capital Markets lowered their target price on Check Point Software Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 2nd. Sumitomo Mitsui Financial Group started coverage on Check Point Software Technologies in a research report on Friday, October 7th. They set a “neutral” rating and a $115.00 target price on the stock. Citigroup lifted their target price on Check Point Software Technologies from $117.00 to $125.00 in a research report on Friday, October 28th. Wells Fargo & Company lifted their target price on Check Point Software Technologies from $120.00 to $130.00 in a research report on Friday, October 28th. Finally, Barclays lifted their target price on Check Point Software Technologies from $135.00 to $137.00 and gave the company an “equal weight” rating in a research report on Friday, October 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $136.80.

About Check Point Software Technologies

(Get Rating)

Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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