First Financial Bank Trust Division Purchases 8,236 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

First Financial Bank Trust Division raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 29.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,371 shares of the technology company’s stock after purchasing an additional 8,236 shares during the quarter. First Financial Bank Trust Division’s holdings in Check Point Software Technologies were worth $7,013,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tidal Investments LLC purchased a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $6,558,000. Quantbot Technologies LP purchased a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $1,095,000. Envestnet Asset Management Inc. boosted its holdings in shares of Check Point Software Technologies by 4.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 379,889 shares of the technology company’s stock valued at $58,043,000 after acquiring an additional 17,916 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Check Point Software Technologies by 8.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after acquiring an additional 7,357 shares during the last quarter. Finally, M&G Plc boosted its holdings in shares of Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after acquiring an additional 9,830 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CHKP. Wedbush upped their price objective on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Scotiabank increased their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Truist Financial reissued a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Finally, Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $184.47.

Check Point Software Technologies Trading Up 1.2 %

Check Point Software Technologies stock opened at $191.19 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $126.57 and a 12-month high of $196.56. The stock has a market cap of $21.59 billion, a P/E ratio of 26.55, a PEG ratio of 3.05 and a beta of 0.62. The company has a 50-day moving average price of $187.77 and a 200 day moving average price of $169.52.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same period last year, the business earned $1.74 earnings per share. Check Point Software Technologies’s revenue was up 6.6% compared to the same quarter last year. As a group, analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS for the current 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.