Parsons Capital Management Inc. RI Acquires New Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Parsons Capital Management Inc. RI acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,533 shares of the technology company’s stock, valued at approximately $251,000.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Check Point Software Technologies by 52.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after buying an additional 19,111 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $1,505,000. Tritonpoint Wealth LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $2,586,000. SG Americas Securities LLC grew its stake in Check Point Software Technologies by 81.9% in the 4th quarter. SG Americas Securities LLC now owns 27,303 shares of the technology company’s stock worth $4,172,000 after buying an additional 12,297 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in Check Point Software Technologies in the 4th quarter worth approximately $47,160,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 1.1 %

NASDAQ CHKP traded down $1.75 during trading on Friday, hitting $151.20. The company had a trading volume of 1,275,556 shares, compared to its average volume of 616,404. Check Point Software Technologies Ltd. has a one year low of $117.18 and a one year high of $168.82. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company’s fifty day moving average is $161.41 and its 200-day moving average is $153.14.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.30%. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Susquehanna boosted their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. Citigroup boosted their price objective on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. William Blair upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, TD Cowen boosted their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $164.00.

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.