Cary Street Partners Financial LLC Invests $451,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cary Street Partners Financial LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 2,413 shares of the technology company's stock, valued at approximately $451,000.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC increased its position in shares of Check Point Software Technologies by 6.0% during the 3rd quarter. Barclays PLC now owns 80,432 shares of the technology company's stock valued at $15,507,000 after purchasing an additional 4,522 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Check Point Software Technologies by 7.0% during the 3rd quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock worth $34,665,000 after purchasing an additional 10,861 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Check Point Software Technologies by 13.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock valued at $1,093,000 after buying an additional 675 shares during the last quarter. Finally, City State Bank purchased a new stake in Check Point Software Technologies in the fourth quarter valued at about $154,000. Institutional investors own 98.51% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CHKP. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Compass Point set a $260.00 target price on Check Point Software Technologies in a report on Thursday, March 27th. Arete Research raised Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $200.00 price target on shares of Check Point Software Technologies in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price target on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded up $2.18 on Thursday, hitting $216.67. The stock had a trading volume of 198,339 shares, compared to its average volume of 978,918. The firm has a market capitalization of $23.83 billion, a P/E ratio of 29.01, a P/E/G ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.35. The company's 50 day moving average price is $219.67 and its 200-day moving average price is $202.99.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same period in the previous year, the firm posted $2.04 EPS. Check Point Software Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.