Daymark Wealth Partners LLC Purchases Shares of 1,983 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Daymark Wealth Partners LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,983 shares of the technology company’s stock, valued at approximately $452,000.

Other hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at approximately $29,000. Quarry LP boosted its holdings in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after acquiring an additional 103 shares during the last quarter. Menard Financial Group LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter worth $41,000. Finally, Bernard Wealth Management Corp. purchased a new position in shares of Check Point Software Technologies during the fourth quarter worth $76,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CHKP. Bank of America upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Royal Bank Of Canada restated a “sector perform” rating and set a $215.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Compass Point set a $260.00 target price on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Scotiabank decreased their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 24th. Finally, Piper Sandler upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $232.44.

Check Point Software Technologies Stock Down 0.0%

Shares of NASDAQ CHKP opened at $218.88 on Friday. The company’s 50-day simple moving average is $220.33 and its 200-day simple moving average is $212.34. Check Point Software Technologies Ltd. has a 52-week low of $155.84 and a 52-week high of $234.36. The firm has a market cap of $24.07 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.13 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same quarter last year, the business earned $2.04 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 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.