Integrated Wealth Concepts LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,339 shares of the technology company's stock, valued at approximately $250,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter valued at about $25,000. GAMMA Investing LLC grew its holdings in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after buying an additional 60 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth $35,000. Exchange Traded Concepts LLC grew its stake in Check Point Software Technologies by 142.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock valued at $44,000 after acquiring an additional 137 shares in the last quarter. Finally, Iron Horse Wealth Management LLC increased its holdings in Check Point Software Technologies by 370.6% in the 4th quarter. Iron Horse Wealth Management LLC now owns 240 shares of the technology company's stock valued at $45,000 after acquiring an additional 189 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.
Check Point Software Technologies Stock Down 1.4 %
Shares of Check Point Software Technologies stock traded down $3.08 during trading on Friday, reaching $217.59. The company's stock had a trading volume of 643,265 shares, compared to its average volume of 780,835. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The company has a 50-day simple moving average of $220.18 and a two-hundred day simple moving average of $202.75. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 29.13, a P/E/G ratio of 3.41 and a beta of 0.66.
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 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The company's revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.04 earnings per share. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. UBS Group raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their price target for the company from $230.00 to $260.00 in a report on Thursday, March 27th. 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 shares of Check Point Software Technologies in a research report on Thursday, March 27th. Finally, JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Eighteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $232.04.
Read Our Latest Stock Report on CHKP
About Check Point Software Technologies
(
Free Report)
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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