Ellevest Inc. Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) – Defense World
Posted by admin on Jul 3rd, 2022 
Ellevest Inc. raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 47.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 661 shares of the technology company’s stock after purchasing an additional 214 shares during the quarter. Ellevest Inc.’s holdings in Check Point Software Technologies were worth $91,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. AdvisorNet Financial Inc grew its stake in Check Point Software Technologies by 107.0% in the 1st quarter. AdvisorNet Financial Inc now owns 236 shares of the technology company’s stock valued at $33,000 after purchasing an additional 122 shares during the period. Sageworth Trust Co of South Dakota bought a new position in Check Point Software Technologies in the 4th quarter valued at $49,000. Spire Wealth Management grew its stake in Check Point Software Technologies by 85.3% in the 4th quarter. Spire Wealth Management now owns 428 shares of the technology company’s stock valued at $50,000 after purchasing an additional 197 shares during the period. NuWave Investment Management LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at $71,000. Finally, Hartford Financial Management Inc. bought a new position in Check Point Software Technologies in the 4th quarter valued at $78,000. Hedge funds and other institutional investors own 91.96% of the company’s stock.
A number of research analysts have issued reports on the company. StockNews.com started coverage on Check Point Software Technologies in a research note on Thursday, March 31st. They issued a “buy” rating for the company. Jefferies Financial Group cut their price target on Check Point Software Technologies from $145.00 to $130.00 in a research note on Monday, May 23rd. Summit Insights started coverage on Check Point Software Technologies in a research note on Thursday, March 31st. They set a “buy” rating and a $160.00 price target for the company. Wedbush increased their price target on Check Point Software Technologies from $142.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, April 14th. Finally, Credit Suisse Group increased their price target on Check Point Software Technologies from $105.00 to $115.00 in a research note on Thursday, April 28th. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $139.25.
NASDAQ:CHKP opened at $123.83 on Friday. The business’s 50-day moving average price is $124.11 and its two-hundred day moving average price is $128.31. Check Point Software Technologies Ltd. has a twelve month low of $107.85 and a twelve month high of $149.62. The stock has a market cap of $15.98 billion, a P/E ratio of 20.43, a PEG ratio of 2.75 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 for the quarter, missing the consensus estimate of $1.35 by ($0.01). Check Point Software Technologies had a net margin of 36.43% and a return on equity of 25.35%. The business had revenue of $542.70 million during the quarter, compared to analysts’ expectations of $535.57 million. During the same period in the previous year, the business earned $1.39 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 6.15 earnings per share for the current fiscal year.
Check Point Software Technologies 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.
Further Reading
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