Hohimer Wealth Management LLC Makes New Investment in Check Point Software Technologies Ltd. $CHKP

Hohimer Wealth Management LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 18,761 shares of the technology company’s stock, valued at approximately $2,408,000.

Other institutional investors have also modified their holdings of the company. Park Avenue Securities LLC lifted its position in shares of Check Point Software Technologies by 4.0% during the third quarter. Park Avenue Securities LLC now owns 1,800 shares of the technology company’s stock worth $231,000 after purchasing an additional 69 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in Check Point Software Technologies by 42.7% during the second quarter. Elevation Wealth Partners LLC now owns 254 shares of the technology company’s stock valued at $33,000 after buying an additional 76 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Check Point Software Technologies by 2.0% during the 3rd quarter. Yousif Capital Management LLC now owns 3,839 shares of the technology company’s stock worth $493,000 after buying an additional 77 shares during the last quarter. Aprio Wealth Management LLC lifted its holdings in Check Point Software Technologies by 3.9% during the 3rd quarter. Aprio Wealth Management LLC now owns 2,116 shares of the technology company’s stock worth $272,000 after buying an additional 79 shares during the last quarter. Finally, JNBA Financial Advisors grew its position in shares of Check Point Software Technologies by 90.0% in the 2nd quarter. JNBA Financial Advisors now owns 190 shares of the technology company’s stock worth $25,000 after acquiring an additional 90 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Insider Activity at Check Point Software Technologies

In other news, insider Nataly Kremer sold 3,185 shares of the firm’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total transaction of $478,004.80. Following the transaction, the insider directly owned 19,347 shares of the company’s stock, valued at approximately $2,903,597.76. This trade represents a 14.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP stock opened at $143.96 on Tuesday. Check Point Software Technologies Ltd. has a 1 year low of $112.23 and a 1 year high of $206.43. The stock has a market capitalization of $14.70 billion, a price-to-earnings ratio of 17.32, a PEG ratio of 4.22 and a beta of 0.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.67 and a current ratio of 1.60. The stock’s fifty day moving average is $138.91 and its two-hundred day moving average is $140.58.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Monday, November 2nd. The technology company reported $2.49 EPS for the quarter, topping the consensus estimate of $2.48 by $0.01. Check Point Software Technologies had a net margin of 31.74% and a return on equity of 34.08%. The business had revenue of $669.80 million during the quarter, compared to analyst estimates of $672.06 million. During the same quarter in the prior year, the firm earned $3.94 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. On average, research analysts predict that Check Point Software Technologies Ltd. will post 8.37 EPS for the current year.

Analyst Ratings Changes

CHKP has been the subject of a number of research analyst reports. Raymond James Financial downgraded Check Point Software Technologies from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 15th. BTIG Research restated a “neutral” rating on shares of Check Point Software Technologies in a research note on Tuesday, November 3rd. Barclays lifted their price objective on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 3rd. Wells Fargo & Company boosted their target price on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 3rd. Finally, Bank of America boosted their target price on shares of Check Point Software Technologies from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, July 27th. Ten analysts have rated the stock with a Buy rating and twenty have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $151.32.

About Check Point Software Technologies

Check Point Software Technologies is a cybersecurity company that develops products and services to protect organizations’ networks, cloud environments, devices, and users. Its offerings include network security appliances and software, cloud security tools, endpoint and workspace protection, and centralized security management.

The company’s product families include Quantum for network security, CloudGuard for cloud security, and Harmony for user and endpoint protection. Check Point also provides threat prevention, security research, and related support services to businesses and other organizations around the world.

Founded in 1993, Check Point is headquartered in Tel Aviv, Israel, and serves customers internationally.