DGS Capital Management LLC Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

DGS Capital Management LLC raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,809 shares of the technology company’s stock after purchasing an additional 87 shares during the quarter. Check Point Software Technologies comprises 0.6% of DGS Capital Management LLC’s holdings, making the stock its 24th biggest position. DGS Capital Management LLC’s holdings in Check Point Software Technologies were worth $2,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHKP. Franklin Resources Inc. raised its stake in Check Point Software Technologies by 7.0% in the 3rd quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company’s stock worth $34,665,000 after acquiring an additional 10,861 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of Check Point Software Technologies by 0.8% in the third quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company’s stock valued at $21,463,000 after purchasing an additional 872 shares during the period. Tidal Investments LLC raised its stake in shares of Check Point Software Technologies by 3.1% in the third quarter. Tidal Investments LLC now owns 40,686 shares of the technology company’s stock worth $7,845,000 after purchasing an additional 1,224 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Check Point Software Technologies during the third quarter worth about $187,000. Finally, World Investment Advisors LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at approximately $5,546,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent research reports. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price target 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. Barclays decreased their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, BMO Capital Markets raised their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Trading Up 0.1 %

NASDAQ:CHKP traded up $0.27 during trading hours on Friday, hitting $189.77. 31,972 shares of the stock were exchanged, compared to its average volume of 685,087. The company has a market cap of $20.87 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.21 and a beta of 0.63. The firm’s fifty day moving average price is $188.23 and its 200 day moving average price is $180.24. Check Point Software Technologies Ltd. has a 52-week low of $144.66 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the business posted $1.80 earnings per share. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS 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.