Brown Capital Management LLC Buys 1,296 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Brown Capital Management LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,357 shares of the technology company’s stock after acquiring an additional 1,296 shares during the period. Brown Capital Management LLC’s holdings in Check Point Software Technologies were worth $14,722,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Check Point Software Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company’s stock worth $54,985,000 after purchasing an additional 4,194 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Check Point Software Technologies in the first quarter valued at $442,000. O Shaughnessy Asset Management LLC raised its position in shares of Check Point Software Technologies by 6.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,161 shares of the technology company’s stock valued at $2,651,000 after purchasing an additional 910 shares during the period. Lake Street Advisors Group LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $203,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter worth about $217,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of recent research reports. Wedbush increased their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Truist Financial increased their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Barclays dropped their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, Robert W. Baird decreased their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $176.83 on Thursday. The business has a 50 day moving average of $190.65 and a 200-day moving average of $176.76. Check Point Software Technologies Ltd. has a 1 year low of $142.60 and a 1 year high of $210.70. The company has a market capitalization of $19.45 billion, a P/E ratio of 24.16, a P/E/G ratio of 2.97 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.80 earnings per share. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS 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.