Heritage Wealth Management LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 5,919 shares of the technology company's stock, valued at approximately $904,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 3rd quarter valued at about $25,000. CNB Bank purchased a new stake in shares of Check Point Software Technologies during the 3rd quarter worth approximately $27,000. Bruce G. Allen Investments LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at $30,000. Salem Investment Counselors Inc. increased its holdings 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 in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at $49,000. 87.62% of the stock is owned by institutional investors.
Check Point Software Technologies Trading Up 0.3 %
CHKP stock traded up $0.50 during midday trading on Thursday, hitting $149.47. The company's stock had a trading volume of 580,910 shares, compared to its average volume of 729,094. The company has a market cap of $18.05 billion, a PE ratio of 20.69, a P/E/G ratio of 2.43 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12 month low of $118.21 and a 12 month high of $168.82. The firm's 50-day moving average is $160.83 and its 200-day moving average is $153.33.
Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts' consensus estimates of $1.72. The firm had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. Analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. BMO Capital Markets raised 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 report on Wednesday, February 7th. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. Stifel Nicolaus lowered 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 report on Friday, April 26th. Truist Financial boosted their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, February 7th. Finally, Wells Fargo & Company increased their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the company an "equal weight" rating in a research note on Monday, January 29th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $164.00.
Check Out Our Latest Research Report on Check Point Software Technologies
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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