Russell Investments Group Ltd. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,363 shares of the technology company's stock after buying an additional 7,827 shares during the period. Russell Investments Group Ltd. owned about 0.18% of Check Point Software Technologies worth $33,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $30,000. CNB Bank acquired a new position in Check Point Software Technologies in the 3rd quarter valued at $27,000. Salem Investment Counselors Inc. raised its stake in Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company's stock valued at $44,000 after purchasing an additional 237 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in Check Point Software Technologies in the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 87.62% of the company's stock.
Wall Street Analysts Forecast Growth
CHKP has been the subject of several recent research reports. Royal Bank of Canada increased their price objective 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. Stifel Nicolaus reduced their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a "hold" rating for the company in a research note on Friday, April 26th. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. Scotiabank raised their target price on 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, Wedbush reaffirmed an "outperform" rating and issued a $185.00 target price on shares of Check Point Software Technologies in a research note on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $164.00.
Check Out Our Latest Research Report on CHKP
Check Point Software Technologies Stock Performance
Shares of CHKP traded down $0.45 during midday trading on Wednesday, hitting $148.97. The company had a trading volume of 512,021 shares, compared to its average volume of 730,859. The company's 50-day simple moving average is $160.83 and its 200-day simple moving average is $153.33. The firm has a market capitalization of $17.99 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.43 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 announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.72. The business had revenue of $598.80 million during the quarter, compared to analysts' expectations of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. Equities analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.
Check Point Software Technologies Company Profile
(
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.
Featured Stories
Before you consider Check Point Software Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Check Point Software Technologies wasn't on the list.
While Check Point Software Technologies currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
