Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Wealth Enhancement Advisory Services LLC raised its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,667 shares of the technology company’s stock after purchasing an additional 675 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Check Point Software Technologies were worth $1,093,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies during the third quarter worth $27,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies during the third quarter worth approximately $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $37,000. Finally, Arrow Financial Corp increased its position in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $183.40 on Thursday. The stock’s fifty day moving average is $183.36 and its two-hundred day moving average is $185.45. The firm has a market capitalization of $20.17 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70.

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 the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the firm earned $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CHKP. Mizuho increased their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Piper Sandler increased their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Wedbush lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $202.95.

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.