Ashton Thomas Private Wealth LLC Purchases 92 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ashton Thomas Private Wealth LLC grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,443 shares of the technology company’s stock after acquiring an additional 92 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Check Point Software Technologies were worth $1,242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tidal Investments LLC bought a new position in Check Point Software Technologies during the 1st quarter valued at approximately $6,558,000. CWA Asset Management Group LLC purchased a new stake in Check Point Software Technologies in the third quarter worth $1,599,000. M&G Plc boosted its holdings in Check Point Software Technologies by 10.0% in the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after acquiring an additional 9,830 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Check Point Software Technologies during the 1st quarter valued at $2,928,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in Check Point Software Technologies by 50.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,288 shares of the technology company’s stock worth $4,476,000 after purchasing an additional 9,180 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $177.21 on Thursday. The firm has a market cap of $19.49 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. The business has a 50-day simple moving average of $192.28 and a two-hundred day simple moving average of $175.86. Check Point Software Technologies Ltd. has a fifty-two week low of $139.55 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.80 earnings per share. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of research reports. Wedbush increased their price target on shares of 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. Truist Financial upped their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Susquehanna lifted their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $197.74.

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.