Brucke Financial Inc. Invests $214,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Brucke Financial Inc. bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,146 shares of the technology company's stock, valued at approximately $214,000.

A number of other institutional investors have also recently made changes to their positions in CHKP. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies in the 4th quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $29,000. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth about $35,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth about $35,000. Finally, Quarry LP boosted its position in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after acquiring an additional 103 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research reports. UBS Group raised their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock a "neutral" rating in a research note on Friday, January 31st. Stifel Nicolaus lifted their price objective on Check Point Software Technologies from $190.00 to $220.00 and gave the stock a "hold" rating in a research report on Friday, January 31st. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Roth Capital initiated coverage on Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price for the company. Finally, Morgan Stanley lowered their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $2.60 during trading on Friday, reaching $226.99. The stock had a trading volume of 1,131,162 shares, compared to its average volume of 785,226. The company has a market cap of $24.97 billion, a P/E ratio of 30.39, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $234.36. The business's 50-day moving average price is $219.11 and its 200-day moving average price is $206.46.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 32.40% and a net margin of 32.97%. Check Point Software Technologies's revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the business posted $2.04 EPS. 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.