Creative Planning grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 14.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,184 shares of the technology company's stock after acquiring an additional 2,674 shares during the quarter. Creative Planning's holdings in Check Point Software Technologies were worth $4,084,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Kathmere Capital Management LLC lifted its position in Check Point Software Technologies by 12.4% during the first quarter. Kathmere Capital Management LLC now owns 1,719 shares of the technology company's stock worth $282,000 after buying an additional 190 shares during the period. SteelPeak Wealth LLC purchased a new position in Check Point Software Technologies during the first quarter worth about $251,000. Miracle Mile Advisors LLC purchased a new position in Check Point Software Technologies during the first quarter worth about $396,000. Allspring Global Investments Holdings LLC lifted its position in Check Point Software Technologies by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company's stock worth $15,980,000 after buying an additional 7,357 shares during the period. Finally, Norden Group LLC purchased a new position in Check Point Software Technologies during the first quarter worth about $200,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.
CHKP stock opened at $207.16 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $210.70. The stock's 50 day moving average is $194.88 and its two-hundred day moving average is $173.81. The company has a market capitalization of $23.39 billion, a PE ratio of 28.77, a P/E/G ratio of 3.17 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same period in the previous year, the business earned $1.74 EPS. The business's quarterly revenue was up 6.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.
A number of research firms have recently commented on CHKP. Evercore ISI upgraded Check Point Software Technologies to a "hold" rating in a report on Monday, September 16th. Barclays lifted their price objective on Check Point Software Technologies from $175.00 to $192.00 and gave the company an "equal weight" rating in a research note on Thursday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the company a "hold" rating in a research note on Thursday, July 25th. Wedbush lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and an average price target of $194.67.
View Our Latest Research Report on 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.
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