WCG Wealth Advisors LLC Increases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

WCG Wealth Advisors LLC raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,774 shares of the technology company’s stock after purchasing an additional 637 shares during the period. WCG Wealth Advisors LLC’s holdings in Check Point Software Technologies were worth $2,108,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Argonautica Private Wealth Management Inc. increased its stake in Check Point Software Technologies by 1.3% in the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock worth $978,000 after acquiring an additional 78 shares during the last quarter. Guardian Wealth Management Inc. raised its stake in Check Point Software Technologies by 0.5% in the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after purchasing an additional 85 shares in the last quarter. Mather Group LLC. lifted its position in Check Point Software Technologies by 5.1% during the second quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after purchasing an additional 99 shares during the last quarter. Butensky & Cohen Financial Security Inc. grew its stake in Check Point Software Technologies by 0.4% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock worth $4,342,000 after buying an additional 102 shares in the last quarter. Finally, Legacy Capital Group California Inc. increased its holdings in shares of Check Point Software Technologies by 6.8% in the 2nd quarter. Legacy Capital Group California Inc. now owns 1,613 shares of the technology company’s stock worth $266,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 1.4 %

NASDAQ CHKP opened at $188.99 on Thursday. The stock’s 50 day moving average is $183.61 and its 200 day moving average is $167.32. The firm has a market capitalization of $21.34 billion, a PE ratio of 26.25, a P/E/G ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $195.29.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. The company had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $1.74 EPS. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CHKP shares. Wedbush lifted their price objective on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Truist Financial reiterated a “buy” rating and issued a $200.00 price objective (up from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Scotiabank increased their price objective on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft upped their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research note on Thursday, July 25th. Finally, Jefferies Financial Group lifted their price target on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $183.68.

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.