3,500 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by TCG Advisory Services LLC

TCG Advisory Services LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,500 shares of the technology company’s stock, valued at approximately $535,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the third quarter worth $25,000. CNB Bank bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $27,000. Bruce G. Allen Investments LLC bought a new position in shares of Check Point Software Technologies during the 4th quarter worth about $30,000. Salem Investment Counselors Inc. raised its position in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after buying an additional 237 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in shares of Check Point Software Technologies in the third quarter valued at about $49,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CHKP. Barclays upped their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen raised their target price on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Royal Bank of Canada boosted their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Citigroup increased their price objective on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Finally, Scotiabank lifted their target price on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research report on Wednesday, February 7th. Twelve research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP traded up $1.73 during midday trading on Friday, reaching $151.20. The company’s stock had a trading volume of 523,713 shares, compared to its average volume of 716,676. The business’s fifty day simple moving average is $160.51 and its 200-day simple moving average is $153.64. Check Point Software Technologies Ltd. has a fifty-two week low of $118.21 and a fifty-two week high of $168.82. The company has a market capitalization of $18.26 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.46 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The firm had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $595.28 million. On average, analysts forecast that Check Point Software Technologies Ltd. will post 7.79 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.