Mount Yale Investment Advisors LLC Has $894,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mount Yale Investment Advisors LLC cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,789 shares of the technology company’s stock after selling 144 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $894,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $27,000. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies in the 3rd quarter worth approximately $33,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Concord Wealth Partners bought a new position in Check Point Software Technologies in the 3rd quarter valued at $37,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after buying an additional 137 shares during the period. 98.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CHKP shares. Wedbush raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Truist Financial raised their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Piper Sandler boosted their price target on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Mizuho lifted their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, October 17th. Eighteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $203.05.

Check Point Software Technologies Trading Up 1.9 %

CHKP opened at $198.20 on Tuesday. The firm’s fifty day simple moving average is $185.60 and its 200 day simple moving average is $186.68. The stock has a market capitalization of $21.80 billion, a P/E ratio of 27.08, a P/E/G ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $1.80 earnings per share. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

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.