Avior Wealth Management LLC Buys 320 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Avior Wealth Management LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 83.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 705 shares of the technology company’s stock after purchasing an additional 320 shares during the quarter. Avior Wealth Management LLC’s holdings in Check Point Software Technologies were worth $132,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in shares of Check Point Software Technologies by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,417 shares of the technology company’s stock worth $4,185,000 after buying an additional 110 shares during the period. SG Americas Securities LLC boosted its position in Check Point Software Technologies by 12.9% during the fourth quarter. SG Americas Securities LLC now owns 69,242 shares of the technology company’s stock valued at $12,927,000 after purchasing an additional 7,927 shares in the last quarter. Davis Capital Management lifted its position in Check Point Software Technologies by 141.0% during the fourth quarter. Davis Capital Management now owns 3,974 shares of the technology company’s stock valued at $742,000 after acquiring an additional 2,325 shares during the last quarter. Beaumont Financial Advisors LLC purchased a new position in Check Point Software Technologies during the 4th quarter worth $268,000. Finally, Ballentine Partners LLC acquired a new stake in Check Point Software Technologies in the 4th quarter worth approximately $223,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 2.4 %

Shares of CHKP stock opened at $202.94 on Wednesday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The stock has a market cap of $22.32 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.05 and a beta of 0.63. The business has a fifty day simple moving average of $186.09 and a 200-day simple moving average of $186.88.

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

Analyst Ratings Changes

CHKP has been the topic of a number of recent research reports. Evercore ISI upped their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, BMO Capital Markets boosted their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Eighteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $203.05.

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.