Aaron Wealth Advisors LLC Invests $208,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Aaron Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,079 shares of the technology company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. Tidal Investments LLC purchased a new stake in shares of Check Point Software Technologies during the first 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. Allspring Global Investments Holdings LLC lifted its holdings in Check Point Software Technologies by 8.2% in the first 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 period. M&G Plc increased its holdings in Check Point Software Technologies by 10.0% in the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after buying an additional 9,830 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Check Point Software Technologies in the first quarter worth about $2,928,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CHKP. Robert W. Baird upped their price objective on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Scotiabank raised their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Royal Bank of Canada increased their price objective on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Finally, Susquehanna increased their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $190.89.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $206.23 on Monday. The business has a 50 day moving average price of $193.07 and a 200 day moving average price of $172.76. The company has a market capitalization of $23.29 billion, a P/E ratio of 28.64, a PEG ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 EPS. On average, research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share 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.