IFG Advisory LLC Grows Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

IFG Advisory LLC grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 23.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,825 shares of the technology company's stock after purchasing an additional 6,251 shares during the quarter. IFG Advisory LLC's holdings in Check Point Software Technologies were worth $5,015,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its holdings in Check Point Software Technologies by 52.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company's stock worth $8,508,000 after acquiring an additional 19,111 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Check Point Software Technologies by 6.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company's stock worth $211,000 after acquiring an additional 89 shares in the last quarter. Steigerwald Gordon & Koch Inc. increased its holdings in Check Point Software Technologies by 0.9% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 114,547 shares of the technology company's stock worth $17,502,000 after acquiring an additional 973 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Check Point Software Technologies by 18.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 78,120 shares of the technology company's stock worth $11,936,000 after acquiring an additional 12,277 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in Check Point Software Technologies by 8.6% in the 4th quarter. Raymond James & Associates now owns 128,438 shares of the technology company's stock worth $19,624,000 after acquiring an additional 10,223 shares in the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP stock traded down $0.14 during trading hours on Thursday, reaching $164.01. 443,113 shares of the stock were exchanged, compared to its average volume of 749,503. The business's fifty day moving average is $161.56 and its two-hundred day moving average is $149.04. Check Point Software Technologies Ltd. has a 12-month low of $117.18 and a 12-month high of $168.82. The firm has a market capitalization of $19.81 billion, a P/E ratio of 23.04, a P/E/G ratio of 2.67 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $0.10. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The firm had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. During the same period in the prior year, the firm earned $2.23 earnings per share. The business's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the subject of several recent analyst reports. UBS Group boosted their price target on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Wednesday, January 10th. Raymond James raised shares of Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research note on Monday, December 18th. Mizuho reaffirmed a "neutral" rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday. Scotiabank lifted their target price on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a "sector outperform" rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 7th. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $159.70.

About Check Point Software Technologies

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.