Cypress Advisory Group LLC Makes New $1.43 Million Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cypress Advisory Group LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,682 shares of the technology company's stock, valued at approximately $1,434,000. Check Point Software Technologies makes up approximately 1.3% of Cypress Advisory Group LLC's holdings, making the stock its 23rd biggest holding.

Other institutional investors have also made changes to their positions in the company. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at about $25,000. GAMMA Investing LLC increased its holdings 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 purchasing an additional 60 shares in the last quarter. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth $35,000. Finally, Quarry LP boosted its position in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after buying an additional 103 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CHKP has been the topic of several research reports. Stephens cut their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. Compass Point set a $260.00 price target on Check Point Software Technologies in a research note on Thursday, March 27th. Barclays lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Thursday, January 30th. Finally, BMO Capital Markets restated an "outperform" rating and set a $250.00 target price on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Eighteen research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Stock Up 2.0 %

NASDAQ CHKP opened at $219.56 on Thursday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $234.36. The firm's 50 day moving average is $220.23 and its 200-day moving average is $202.20. The company has a market capitalization of $24.15 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 3.41 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $635.80 million. During the same quarter in the previous year, the business earned $2.04 earnings per share. Check Point Software Technologies's quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current 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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