Brookstone Capital Management Reduces Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Defense World
Posted by admin on Jun 26th, 2022 
Brookstone Capital Management reduced its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 4,386 shares of the technology company’s stock after selling 387 shares during the period. Brookstone Capital Management’s holdings in Check Point Software Technologies were worth $616,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. Nordea Investment Management AB increased its stake in Check Point Software Technologies by 11.7% in the first quarter. Nordea Investment Management AB now owns 3,303,458 shares of the technology company’s stock valued at $459,379,000 after purchasing an additional 345,565 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Check Point Software Technologies by 7.1% during the fourth quarter. Acadian Asset Management LLC now owns 2,045,176 shares of the technology company’s stock worth $238,341,000 after acquiring an additional 136,035 shares during the last quarter. Credit Suisse AG grew its position in shares of Check Point Software Technologies by 0.7% during the fourth quarter. Credit Suisse AG now owns 792,550 shares of the technology company’s stock worth $92,380,000 after acquiring an additional 5,285 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Check Point Software Technologies by 48.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 630,942 shares of the technology company’s stock worth $73,543,000 after acquiring an additional 205,681 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its position in shares of Check Point Software Technologies by 6.7% during the third quarter. UBS Asset Management Americas Inc. now owns 621,550 shares of the technology company’s stock worth $70,260,000 after acquiring an additional 38,836 shares during the last quarter. Institutional investors own 91.96% of the company’s stock.
A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group lowered their target price on shares of Check Point Software Technologies from $145.00 to $130.00 in a research report on Monday, May 23rd. Wedbush raised their target price on shares of Check Point Software Technologies from $142.00 to $155.00 and gave the stock an “outperform” rating in a research report on Thursday, April 14th. Summit Insights assumed coverage on shares of Check Point Software Technologies in a research report on Thursday, March 31st. They set a “buy” rating and a $160.00 target price on the stock. Royal Bank of Canada increased their price target on Check Point Software Technologies from $139.00 to $145.00 and gave the stock a “sector perform” rating in a report on Monday, April 25th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Check Point Software Technologies from $154.00 to $160.00 and gave the stock a “buy” rating in a report on Thursday, March 17th. Six analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $139.25.
Check Point Software Technologies stock opened at $124.10 on Friday. Check Point Software Technologies Ltd. has a one year low of $107.85 and a one year high of $149.62. The business has a fifty day moving average of $126.01 and a two-hundred day moving average of $127.93. The company has a market cap of $16.02 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 2.63 and a beta of 0.64.
Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The technology company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.01). The firm had revenue of $542.70 million for the quarter, compared to analyst estimates of $535.57 million. Check Point Software Technologies had a return on equity of 25.35% and a net margin of 36.43%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm earned $1.39 EPS. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 6.15 EPS for the current fiscal year.
Check Point Software Technologies Company Profile (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.
Recommended Stories
Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating).
Receive News & Ratings for Check Point Software Technologies Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Check Point Software Technologies and related companies with MarketBeat.com’s FREE daily email newsletter.
Brookstone Capital Management Purchases New Stake in Halliburton (NYSE:HAL)
Brookstone Capital Management Invests $704,000 in First Trust Tactical High Yield ETF (NASDAQ:HYLS)