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

Cary Street Partners Financial LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,413 shares of the technology company's stock, valued at approximately $451,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Check Point Software Technologies in the fourth quarter worth $428,820,000. Clearbridge Investments LLC purchased a new position in Check Point Software Technologies in the fourth quarter worth $100,456,000. Causeway Capital Management LLC lifted its stake in shares of Check Point Software Technologies by 33.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after buying an additional 487,823 shares during the period. Altshuler Shaham Ltd acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $73,186,000. Finally, First Trust Advisors LP lifted its stake in shares of Check Point Software Technologies by 17.4% during the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after buying an additional 269,925 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CHKP shares. Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Cantor Fitzgerald reiterated a "neutral" rating and set a $200.00 price objective on shares of Check Point Software Technologies in a research note on Monday, January 27th. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. StockNews.com downgraded shares of Check Point Software Technologies from a "buy" rating to a "hold" rating in a research report on Wednesday, April 23rd. Finally, Mizuho boosted their target price on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $232.04.

Check Point Software Technologies Trading Up 0.3%

Shares of CHKP stock traded up $0.64 during trading hours on Tuesday, hitting $217.87. The company's stock had a trading volume of 923,737 shares, compared to its average volume of 782,481. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 29.17, a P/E/G ratio of 3.41 and a beta of 0.66. The business has a fifty day moving average of $220.09 and a 200-day moving average of $202.81.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly 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. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. Check Point Software Technologies's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.04 earnings per share. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS 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.