Ashton Thomas Private Wealth LLC Has $1.09 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ashton Thomas Private Wealth LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 6,628 shares of the technology company’s stock after selling 586 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Check Point Software Technologies were worth $1,087,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Assenagon Asset Management S.A. increased its position in shares of Check Point Software Technologies by 52.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after purchasing an additional 19,111 shares in the last quarter. Prime Capital Investment Advisors LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth about $1,505,000. Unique Wealth Strategies LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth about $1,005,000. Tritonpoint Wealth LLC acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth approximately $2,586,000. Finally, Heritage Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $904,000. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 0.5 %

Shares of CHKP stock traded down $0.90 on Friday, hitting $167.82. 182,789 shares of the stock were exchanged, compared to its average volume of 698,561. The firm has a market capitalization of $18.95 billion, a P/E ratio of 23.17, a price-to-earnings-growth ratio of 2.66 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $122.86 and a fifty-two week high of $170.69. The business has a 50-day moving average of $154.88 and a 200 day moving average of $157.89.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CHKP shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Stifel Nicolaus lowered their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, April 26th. TD Cowen lifted their price target on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $169.18.

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.