Simplicity Wealth LLC Invests $278,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Simplicity Wealth LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,697 shares of the technology company’s stock, valued at approximately $278,000.

Other hedge funds have also recently modified their holdings of the company. Allworth Financial LP boosted its position in Check Point Software Technologies by 305.5% during the third quarter. Allworth Financial LP now owns 369 shares of the technology company’s stock worth $49,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp boosted its position in Check Point Software Technologies by 55.5% during the third quarter. M&T Bank Corp now owns 6,256 shares of the technology company’s stock worth $834,000 after purchasing an additional 2,232 shares in the last quarter. Nisa Investment Advisors LLC purchased a new position in Check Point Software Technologies during the third quarter worth approximately $1,360,000. Tokio Marine Asset Management Co. Ltd. boosted its position in Check Point Software Technologies by 18.6% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,376 shares of the technology company’s stock worth $317,000 after purchasing an additional 372 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in Check Point Software Technologies during the third quarter worth approximately $298,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CHKP shares. Truist Financial increased their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Mizuho reissued a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Wedbush reissued an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a report on Friday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, William Blair raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $169.18.

Check Point Software Technologies Trading Down 0.0 %

CHKP stock traded down $0.02 during midday trading on Thursday, hitting $153.50. 490,620 shares of the company’s stock were exchanged, compared to its average volume of 713,058. The stock has a market capitalization of $17.33 billion, a PE ratio of 21.32, a P/E/G ratio of 2.39 and a beta of 0.64. The business has a 50-day simple moving average of $158.23 and a two-hundred day simple moving average of $155.11. Check Point Software Technologies Ltd. has a 1-year low of $121.85 and a 1-year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 7.79 EPS 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.