Unique Wealth Strategies LLC Buys Shares of 6,578 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Unique Wealth Strategies LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,578 shares of the technology company's stock, valued at approximately $1,005,000.

Other hedge funds also recently bought and sold shares of the company. BSW Wealth Partners lifted its holdings in shares of Check Point Software Technologies by 3.7% during the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company's stock valued at $330,000 after purchasing an additional 78 shares during the last quarter. Koshinski Asset Management Inc. raised its stake in Check Point Software Technologies by 3.6% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company's stock worth $341,000 after acquiring an additional 89 shares during the last quarter. Pacer Advisors Inc. raised its stake 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 during the last quarter. Dark Forest Capital Management LP raised its stake in Check Point Software Technologies by 2.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company's stock worth $683,000 after acquiring an additional 103 shares during the last quarter. Finally, Brookstone Capital Management raised its stake in Check Point Software Technologies by 1.7% in the 4th quarter. Brookstone Capital Management now owns 6,175 shares of the technology company's stock worth $943,000 after acquiring an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company's stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of research analyst reports. UBS Group raised their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Susquehanna increased their price target on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a "positive" rating in a research report on Wednesday, February 7th. William Blair raised Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 31st. Truist Financial increased their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Friday. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $164.00.

Check Point Software Technologies Trading Down 1.1 %

NASDAQ:CHKP traded down $1.75 during trading hours on Friday, hitting $151.20. 1,275,556 shares of the stock were exchanged, compared to its average volume of 616,404. Check Point Software Technologies Ltd. has a 52-week low of $117.18 and a 52-week high of $168.82. The firm's fifty day moving average price is $161.41 and its 200 day moving average price is $153.01. The company has a market cap of $18.26 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.48 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The business had revenue of $598.80 million for the quarter, compared to analysts' expectations of $595.28 million. Check Point Software Technologies had a return on equity of 31.30% and a net margin of 34.33%. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.85 EPS for the current fiscal year.

Check Point Software Technologies 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.