1,435 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by Beaumont Financial Advisors LLC

Beaumont Financial Advisors LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,435 shares of the technology company’s stock, valued at approximately $268,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. boosted its holdings in Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. FMR LLC boosted its holdings in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in Check Point Software Technologies by 8.9% in the 3rd quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock valued at $57,563,000 after purchasing an additional 24,421 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Check Point Software Technologies in the 2nd quarter valued at approximately $47,244,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Analyst Ratings Changes

CHKP has been the topic of a number of analyst reports. Scotiabank lifted their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “sector outperform” rating in a report on Tuesday. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald initiated coverage on Check Point Software Technologies in a research note on Thursday, January 9th. They set a “neutral” rating and a $200.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price target on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $203.05.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $196.38 on Friday. The stock has a fifty day moving average of $184.82 and a two-hundred day moving average of $186.21. The company has a market capitalization of $21.60 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.03 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 announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the previous year, the company earned $1.80 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities 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.