Philip James Wealth Mangement LLC Acquires Shares of 11,477 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Philip James Wealth Mangement LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,477 shares of the technology company’s stock, valued at approximately $2,213,000.

Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $30,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Check Point Software Technologies in the third quarter valued at about $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies in the third quarter valued at about $37,000. FSC Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies in the third quarter valued at about $60,000. Finally, Sound Income Strategies LLC grew its stake in shares of Check Point Software Technologies by 654.4% in the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock valued at $83,000 after acquiring an additional 373 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research note on Monday, October 28th. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and decreased their price target for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Truist Financial upped their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Stock Down 0.2 %

Shares of CHKP stock traded down $0.44 on Friday, reaching $176.43. The company had a trading volume of 55,960 shares, compared to its average volume of 693,959. The business’s 50-day moving average is $193.43 and its 200 day moving average is $175.16. The stock has a market capitalization of $19.40 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.90 and a beta of 0.63. Check Point Software Technologies Ltd. has a one year low of $138.00 and a one year 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 (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during 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%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $1.80 EPS. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

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.