30,480 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by Franklin Parlapiano Turner & Welch LLC

Franklin Parlapiano Turner & Welch LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,480 shares of the technology company’s stock, valued at approximately $5,691,000. Check Point Software Technologies accounts for 1.5% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Montreal Can lifted its holdings in shares of Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $1,599,000. MML Investors Services LLC increased its stake in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after buying an additional 3,655 shares in the last quarter. Martin Investment Management LLC increased its stake in shares of Check Point Software Technologies by 2.0% in the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after buying an additional 3,225 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after buying an additional 9,580 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CHKP shares. Cantor Fitzgerald restated a “neutral” rating and issued a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI lifted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $205.10.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $203.90 on Thursday. The stock has a fifty day moving average price of $186.66 and a 200-day moving average price of $187.10. The company has a market cap of $22.42 billion, a price-to-earnings ratio of 27.86, a PEG ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. Research analysts predict 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.