GoalVest Advisory LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

GoalVest Advisory LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 950 shares of the technology company’s stock, valued at approximately $156,000.

Several other hedge funds also recently made changes to their positions in CHKP. Bruce G. Allen Investments LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $30,000. Richardson Financial Services Inc. purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth approximately $33,000. Salem Investment Counselors Inc. increased its position 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 acquiring an additional 237 shares in the last quarter. Operose Advisors LLC purchased a new position in shares of Check Point Software Technologies in the third quarter worth approximately $55,000. Finally, Y.D. More Investments Ltd increased its position 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 acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 3.9 %

Shares of NASDAQ CHKP opened at $162.70 on Friday. The firm’s 50-day simple moving average is $153.92 and its 200 day simple moving average is $157.16. The company has a market cap of $18.37 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. Check Point Software Technologies Ltd. has a 12-month low of $122.86 and a 12-month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research analyst reports. Mizuho reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. TD Cowen lifted their target price on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Wedbush reiterated 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. Finally, Barclays upped their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating 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 company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $169.18.

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.