Apollon Wealth Management LLC Purchases Shares of 1,734 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Apollon Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,734 shares of the technology company’s stock, valued at approximately $334,000.

A number of other hedge funds also recently bought and sold shares of CHKP. Swedbank AB purchased a new stake in Check Point Software Technologies during the first quarter valued at about $69,487,000. Boston Partners lifted its stake in Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after buying an additional 419,404 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after buying an additional 391,983 shares in the last quarter. Marshall Wace LLP purchased a new stake in Check Point Software Technologies during the second quarter valued at about $47,244,000. Finally, Meitav Investment House Ltd. lifted its stake in Check Point Software Technologies by 1,295.8% during the second quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock valued at $34,557,000 after buying an additional 194,595 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 1.9 %

Shares of CHKP stock opened at $174.25 on Monday. Check Point Software Technologies Ltd. has a 12 month low of $139.55 and a 12 month high of $210.70. The business’s 50 day moving average is $191.52 and its two-hundred day moving average is $176.42. The company has a market cap of $19.16 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company 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 company posted $1.80 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CHKP shares. Barclays dropped their target price on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Wedbush upped their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Robert W. Baird dropped their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Evercore ISI upped their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Finally, Mizuho upped their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $197.74.

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.