4,929 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by HF Advisory Group LLC

HF Advisory Group LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,929 shares of the technology company’s stock, valued at approximately $753,000.

Several other large investors also recently modified their holdings of CHKP. Concord Wealth Partners purchased a new stake in Check Point Software Technologies during the third quarter valued at about $25,000. CNB Bank bought a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $27,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at approximately $28,000. Bruce G. Allen Investments LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $30,000. Finally, Salem Investment Counselors Inc. boosted 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 worth $44,000 after buying an additional 237 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded up $1.62 during midday trading on Thursday, hitting $159.71. The company had a trading volume of 105,500 shares, compared to its average volume of 702,401. Check Point Software Technologies Ltd. has a 52-week low of $117.18 and a 52-week high of $168.82. The stock has a market capitalization of $19.29 billion, a P/E ratio of 22.20, a P/E/G ratio of 2.54 and a beta of 0.61. The company has a 50 day moving average of $162.32 and a 200 day moving average of $151.90.

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

Analyst Ratings Changes

CHKP has been the subject of a number of analyst reports. TD Cowen raised their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Wedbush restated an “outperform” rating and issued a $185.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Wells Fargo & Company raised their target price on shares of 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. Finally, Citigroup raised their price objective on Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $160.16.

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.