HF Advisory Group LLC Acquires 1,603 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

HF Advisory Group LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,664 shares of the technology company’s stock after buying an additional 1,603 shares during the period. HF Advisory Group LLC’s holdings in Check Point Software Technologies were worth $1,431,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHKP. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies during the third quarter worth about $27,000. GAMMA Investing LLC raised its stake in shares of Check Point Software Technologies by 53.1% during the 4th 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. acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $33,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the third quarter valued at $37,000. Finally, Arrow Financial Corp increased its holdings in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.6 %

Shares of CHKP stock opened at $187.87 on Friday. The stock has a 50 day simple moving average of $183.98 and a 200 day simple moving average of $185.73. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The stock has a market cap of $20.66 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (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 company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period in the prior year, the firm posted $1.80 EPS. Check Point Software Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on CHKP shares. JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Robert W. Baird reduced their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Truist Financial upped their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Royal Bank of Canada reaffirmed 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. Finally, The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $204.00 to $207.00 in a report on Thursday, January 2nd. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $202.33.

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.