Prime Capital Investment Advisors LLC Takes $1.51 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Prime Capital Investment Advisors LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 9,853 shares of the technology company's stock, valued at approximately $1,505,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Insight Partners LLC grew its position in shares of Check Point Software Technologies by 6.6% during the 4th quarter. Capital Insight Partners LLC now owns 18,907 shares of the technology company's stock worth $2,889,000 after buying an additional 1,178 shares in the last quarter. Clean Yield Group lifted its stake in shares of Check Point Software Technologies by 3.9% during the 4th quarter. Clean Yield Group now owns 21,221 shares of the technology company's stock worth $3,242,000 after purchasing an additional 792 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth $47,160,000. Boston Trust Walden Corp lifted its stake in shares of Check Point Software Technologies by 248.8% during the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company's stock worth $46,784,000 after purchasing an additional 218,403 shares during the last quarter. Finally, Trust Point Inc. purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth $361,000. Institutional investors own 87.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Check Point Software Technologies from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Monday, December 11th. BMO Capital Markets upped their price objective on 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. William Blair upgraded Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research note on Wednesday, January 31st. Royal Bank of Canada increased their price target on Check Point Software Technologies from $159.00 to $165.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 7th. Finally, Susquehanna increased their price target on Check Point Software Technologies from $190.00 to $200.00 and gave the company a "positive" rating in a research note on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of "Hold" and an average price target of $159.70.

Check Point Software Technologies Trading Down 0.2 %

Shares of CHKP stock traded down $0.39 during mid-day trading on Tuesday, reaching $163.75. The stock had a trading volume of 436,636 shares, compared to its average volume of 720,109. The business's fifty day moving average is $162.49 and its 200-day moving average is $150.91. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 23.00, a PEG ratio of 2.66 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1-year low of $117.18 and a 1-year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, topping the consensus estimate of $2.47 by $0.10. The firm had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Check Point Software Technologies's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $2.23 earnings per share. On average, analysts forecast that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

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.