Kathmere Capital Management LLC Buys 249 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kathmere Capital Management LLC boosted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.3% in the first quarter, HoldingsChannel reports. The institutional investor owned 2,118 shares of the technology company’s stock after purchasing an additional 249 shares during the period. Kathmere Capital Management LLC’s holdings in Check Point Software Technologies were worth $483,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CHKP. Gitterman Wealth Management LLC increased its position in shares of Check Point Software Technologies by 3.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after acquiring an additional 48 shares during the period. TD Waterhouse Canada Inc. increased its holdings in Check Point Software Technologies by 1.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after purchasing an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock valued at $77,000 after purchasing an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC lifted its holdings in shares of Check Point Software Technologies by 0.3% in the 1st quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company’s stock worth $4,461,000 after buying an additional 56 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Check Point Software Technologies by 0.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,661 shares of the technology company’s stock worth $2,737,000 after buying an additional 61 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Down 2.6%

NASDAQ CHKP opened at $215.50 on Friday. The stock has a market cap of $23.70 billion, a P/E ratio of 28.43, a P/E/G ratio of 3.08 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12-month low of $169.02 and a 12-month high of $234.36. The company has a fifty day simple moving average of $222.52 and a two-hundred day simple moving average of $215.13.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $2.04 EPS. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on CHKP shares. Roth Capital began coverage on Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $215.00 price target on the stock. Wedbush reissued an “outperform” rating and set a $240.00 target price on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Wall Street Zen raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, May 13th. Wells Fargo & Company dropped their price objective on shares of Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $232.44.

About Check Point Software Technologies

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.