3Chopt Investment Partners LLC Purchases 422 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

3Chopt Investment Partners LLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,441 shares of the technology company’s stock after purchasing an additional 422 shares during the quarter. Check Point Software Technologies makes up about 1.0% of 3Chopt Investment Partners LLC’s holdings, making the stock its 20th biggest holding. 3Chopt Investment Partners LLC’s holdings in Check Point Software Technologies were worth $3,208,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies in the 2nd quarter worth approximately $30,000. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the first quarter worth about $31,000. Richardson Financial Services Inc. purchased a new stake in Check Point Software Technologies in the fourth quarter worth about $33,000. Transcendent Capital Group LLC purchased a new position in shares of Check Point Software Technologies during the first quarter valued at approximately $107,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $117,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BMO Capital Markets boosted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a report on Thursday, July 25th. Robert W. Baird increased their price objective on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Scotiabank upped their price target on shares of 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. Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Sixteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $184.47.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $192.81 on Tuesday. The stock has a market capitalization of $21.77 billion, a PE ratio of 26.78, a PEG ratio of 3.05 and a beta of 0.62. The company has a 50 day moving average price of $187.17 and a 200-day moving average price of $169.20. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $196.56.

Check Point Software Technologies (NASDAQ:CHKP) last released 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. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The firm had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same period in the previous year, the company posted $1.74 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research 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.