Aristides Capital LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Aristides Capital LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,554 shares of the technology company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHKP. Raymond James & Associates grew its holdings in shares of Check Point Software Technologies by 8.6% during the fourth quarter. Raymond James & Associates now owns 128,438 shares of the technology company’s stock worth $19,624,000 after buying an additional 10,223 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of Check Point Software Technologies by 18.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 78,120 shares of the technology company’s stock worth $11,936,000 after buying an additional 12,277 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Check Point Software Technologies by 6.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after purchasing an additional 89 shares during the period. Assenagon Asset Management S.A. grew its holdings in Check Point Software Technologies by 52.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock valued at $8,508,000 after purchasing an additional 19,111 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in Check Point Software Technologies by 17.6% in the fourth quarter. Ritholtz Wealth Management now owns 5,260 shares of the technology company’s stock valued at $804,000 after purchasing an additional 789 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CHKP shares. Stifel Nicolaus lowered their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Truist Financial restated a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday. Barclays boosted their target price on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a report on Thursday. Finally, Robert W. Baird boosted their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Trading Up 0.9 %

Shares of CHKP traded up $1.57 during midday trading on Friday, hitting $182.74. The stock had a trading volume of 638,013 shares, compared to its average volume of 756,486. Check Point Software Technologies Ltd. has a fifty-two week low of $125.68 and a fifty-two week high of $184.67. The business has a 50-day simple moving average of $161.86 and a two-hundred day simple moving average of $160.31. The firm has a market cap of $20.63 billion, a P/E ratio of 25.38, a price-to-earnings-growth ratio of 2.89 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.16 by $0.01. The business had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.74 earnings per share. On average, analysts expect that Check Point Software Technologies Ltd. will post 7.8 earnings per share for the current fiscal year.

Check Point Software Technologies 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.