Ameriprise Financial Inc. Purchases 136,699 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ameriprise Financial Inc. boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,429,724 shares of the technology company's stock after acquiring an additional 136,699 shares during the period. Ameriprise Financial Inc. owned 1.30% of Check Point Software Technologies worth $266,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHKP. World Investment Advisors raised its holdings in shares of Check Point Software Technologies by 4.4% in the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after purchasing an additional 1,278 shares during the last quarter. Crux Wealth Advisors acquired a new stake in Check Point Software Technologies in the 4th quarter worth about $542,000. Truist Financial Corp grew its position in Check Point Software Technologies by 2.6% during the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock worth $22,311,000 after buying an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its position in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after buying an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. bought a new stake in shares of Check Point Software Technologies during the 4th quarter worth $476,000. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on CHKP. Stephens cut their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. Cantor Fitzgerald reissued a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday, January 27th. UBS Group raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price target for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Eighteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies Stock Down 1.4 %

Shares of CHKP stock traded down $3.08 during trading hours on Friday, hitting $217.59. 643,265 shares of the company's stock traded hands, compared to its average volume of 780,835. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The stock has a market cap of $23.93 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.41 and a beta of 0.66. The stock's fifty day simple moving average is $220.18 and its two-hundred day simple moving average is $202.75.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same quarter last year, the company earned $2.04 EPS. The company's quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.