CoreCap Advisors LLC Raises Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CoreCap Advisors LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 262.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,480 shares of the technology company's stock after purchasing an additional 10,490 shares during the period. CoreCap Advisors LLC's holdings in Check Point Software Technologies were worth $2,703,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. Barclays PLC lifted its holdings in shares of Check Point Software Technologies by 6.0% during the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock worth $15,507,000 after purchasing an additional 4,522 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Check Point Software Technologies during the third quarter worth $187,000. Franklin Resources Inc. lifted its stake in Check Point Software Technologies by 7.0% in the 3rd quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock valued at $34,665,000 after buying an additional 10,861 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Check Point Software Technologies by 13.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock valued at $1,093,000 after purchasing an additional 675 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHKP shares. Wedbush restated an "outperform" rating and set a $240.00 target price on shares of Check Point Software Technologies in a report on Thursday, April 24th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $200.00 target price on shares of Check Point Software Technologies in a research note on Monday, January 27th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $250.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Citigroup upped their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. Finally, Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. 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 company's stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP opened at $220.87 on Thursday. The company has a 50-day simple moving average of $220.26 and a 200-day simple moving average of $202.60. The stock has a market capitalization of $24.29 billion, a price-to-earnings ratio of 29.57, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36.

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. The company had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business's revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business earned $2.04 EPS. As a group, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 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.

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