O Shaughnessy Asset Management LLC Buys 910 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

O Shaughnessy Asset Management LLC grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,161 shares of the technology company’s stock after purchasing an additional 910 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Check Point Software Technologies were worth $2,651,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners purchased a new stake in shares of Check Point Software Technologies in the first quarter worth approximately $31,000. Richardson Financial Services Inc. purchased a new stake in shares of Check Point Software Technologies in the fourth quarter worth approximately $33,000. Salem Investment Counselors Inc. raised its holdings in shares of Check Point Software Technologies by 483.7% in the fourth 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. Y.D. More Investments Ltd raised its holdings in shares of Check Point Software Technologies by 37.0% in the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after buying an additional 135 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $92,000. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on CHKP shares. Mizuho restated a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Wedbush restated an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Barclays lifted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $169.18.

Check Point Software Technologies Price Performance

CHKP traded up $10.07 on Wednesday, reaching $180.07. 1,908,910 shares of the stock were exchanged, compared to its average volume of 709,334. The company’s 50-day moving average price is $160.01 and its 200 day moving average price is $159.72. Check Point Software Technologies Ltd. has a fifty-two week low of $125.68 and a fifty-two week high of $184.58. The firm has a market capitalization of $20.33 billion, a PE ratio of 25.17, a PEG ratio of 2.69 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The company had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter in the previous year, the firm posted $1.74 EPS. The firm’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

Check Point Software Technologies Company 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.