Anchor Investment Management LLC has acquired its interest in the shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) fell 9.0% in the second quarter, Holdings Channel reports. The company owned 5,530 shares of the technology company, after selling 550 shares during the period. Anchor Investment Management LLC’s holdings in Check Point Software Technologies were worth $912,000 at the end of the most recent reporting period.
Several other hedge funds have also recently changed their stock holdings. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Check Point Software Technologies in the second quarter worth approximately $30,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the first quarter worth approximately $31,000. Richardson Financial Services Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter worth approximately $33,000. Transcendent Capital Group LLC acquired a new stake in Check Point Software Technologies in the first quarter worth approximately $107,000. Finally, Alaska Permanent Fund Corp acquired a new stake in Check Point Software Technologies in the first quarter worth approximately $117,000. Institutional investors and hedge funds own 87.62% of the company’s shares.
Analyst upgrades and downgrades
A number of research firms have commented on CHKP. Truist Financial reiterated a “buy” rating and issued a $200.00 price objective (previously $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25. BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, July 25. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25. Wedbush raised their price target on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research note on Thursday, July 25. Finally, Barclays raised their price target on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equalweight” rating in a research note on Thursday, July 25. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of ‘Hold’ and an average price target of $184.47.
Check out our latest stock analysis of Check Point Software Technologies
Check Point Software Technologies shares fell 0.2%
Check Point Software Technologies stock opened at $190.90 on Friday. The company has a market cap of $21.55 billion, a price-to-earnings ratio of 26.51, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $196.56. The company’s 50 day moving average is $187.96 and its 200 day moving average is $169.67.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last reported its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating analyst consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s quarterly revenue rose 6.6% year over year. During the same period last year, the company earned $1.74 in earnings per share. On average, stock analysts expect Check Point Software Technologies Ltd. will post a profit per share of 7.83 for the current financial year.
Check Point Software Technologies Company Profile
(Free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of IT security products and services worldwide. The company offers multi-level security architecture, cloud, network, mobile, endpoint intelligence and IoT solutions. It offers Check Point Infinity Architecture, a cybersecurity architecture that protects against fifth-generation cyber attacks across networks, endpoints, cloud, workloads, Internet of Things and mobile.
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Would you like to see which other hedge funds own CHKP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report).
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