SYSTM Wealth Solutions LLC Has $1.21 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

SYSTM Wealth Solutions LLC increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 33.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,276 shares of the technology company’s stock after purchasing an additional 2,309 shares during the quarter. SYSTM Wealth Solutions LLC’s holdings in Check Point Software Technologies were worth $1,206,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its position in Check Point Software Technologies by 1.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 107,750 shares of the technology company’s stock worth $14,008,000 after acquiring an additional 1,022 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Check Point Software Technologies by 4.9% during the first quarter. Nomura Asset Management Co. Ltd. now owns 32,956 shares of the technology company’s stock valued at $4,284,000 after purchasing an additional 1,540 shares in the last quarter. King Luther Capital Management Corp grew its holdings in shares of Check Point Software Technologies by 3.4% during the first quarter. King Luther Capital Management Corp now owns 3,042 shares of the technology company’s stock valued at $395,000 after buying an additional 100 shares during the last quarter. Heron Bay Capital Management grew its holdings in shares of Check Point Software Technologies by 32.1% during the first quarter. Heron Bay Capital Management now owns 48,483 shares of the technology company’s stock valued at $6,303,000 after buying an additional 11,779 shares during the last quarter. Finally, Vinva Investment Management Ltd bought a new stake in Check Point Software Technologies in the 1st quarter worth approximately $3,964,000. Institutional investors own 68.34% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CHKP shares. StockNews.com started coverage on shares of Check Point Software Technologies in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Barclays upped their target price on shares of Check Point Software Technologies from $127.00 to $137.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 27th. OTR Global downgraded shares of Check Point Software Technologies to a “positive” rating in a research note on Monday, July 10th. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $133.00 to $140.00 and gave the stock a “market perform” rating in a report on Thursday, July 27th. Finally, Robert W. Baird lifted their target price on shares of Check Point Software Technologies from $130.00 to $140.00 in a research report on Tuesday, July 25th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $136.59.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock traded up $1.35 during trading hours on Thursday, hitting $135.52. The company had a trading volume of 171,768 shares, compared to its average volume of 870,219. The firm has a market cap of $16.37 billion, a PE ratio of 19.47, a PEG ratio of 2.47 and a beta of 0.66. The firm has a 50-day moving average of $128.97 and a 200 day moving average of $127.17. Check Point Software Technologies Ltd. has a one year low of $107.54 and a one year high of $135.93.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 26th. The technology company reported $2.00 earnings per share for the quarter, topping the consensus estimate of $1.90 by $0.10. The business had revenue of $588.70 million for the quarter, compared to analysts’ expectations of $589.66 million. Check Point Software Technologies had a net margin of 35.43% and a return on equity of 29.80%. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 earnings per share. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 7.14 earnings per share for the current year.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.