Private Advisor Group LLC Purchases 121 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Private Advisor Group LLC boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,108 shares of the technology company’s stock after acquiring an additional 121 shares during the period. Private Advisor Group LLC’s holdings in Check Point Software Technologies were worth $406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its holdings in Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after acquiring an additional 57 shares in the last quarter. Heritage Family Offices LLP raised its stake in shares of Check Point Software Technologies by 1.6% in the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after purchasing an additional 77 shares during the last quarter. Argonautica Private Wealth Management Inc. raised its stake in shares of Check Point Software Technologies by 1.3% in the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock worth $978,000 after purchasing an additional 78 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Check Point Software Technologies by 1.6% in the third quarter. Sequoia Financial Advisors LLC now owns 5,422 shares of the technology company’s stock worth $1,045,000 after purchasing an additional 86 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Check Point Software Technologies by 2.8% in the third quarter. Signaturefd LLC now owns 3,210 shares of the technology company’s stock worth $619,000 after purchasing an additional 87 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CHKP shares. Robert W. Baird lowered their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Truist Financial increased their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Barclays lowered their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Wedbush lifted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Trading Up 0.5 %

CHKP opened at $171.04 on Wednesday. Check Point Software Technologies Ltd. has a 12 month low of $136.19 and a 12 month high of $210.70. The company has a market cap of $18.81 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.91 and a beta of 0.63. The company has a 50 day moving average of $193.74 and a 200 day moving average of $175.17.

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

Check Point Software Technologies 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.