Breed s Hill Capital LLC Buys Shares of 1,725 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Breed s Hill Capital LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,725 shares of the technology company’s stock, valued at approximately $264,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Simmons Bank raised its position in Check Point Software Technologies by 13.5% during the 4th quarter. Simmons Bank now owns 22,698 shares of the technology company’s stock worth $3,468,000 after purchasing an additional 2,691 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Check Point Software Technologies by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 141,799 shares of the technology company’s stock valued at $21,665,000 after acquiring an additional 7,417 shares during the last quarter. Private Advisor Group LLC raised its holdings in Check Point Software Technologies by 15.1% during the 4th quarter. Private Advisor Group LLC now owns 1,970 shares of the technology company’s stock worth $301,000 after purchasing an additional 258 shares during the last quarter. Leuthold Group LLC lifted its position in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Leuthold Group LLC now owns 40,339 shares of the technology company’s stock worth $6,163,000 after purchasing an additional 1,196 shares during the period. Finally, Nkcfo LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $1,700,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CHKP shares. Susquehanna boosted their target price on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, February 7th. Wells Fargo & Company raised their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. BMO Capital Markets increased their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, Wedbush reiterated an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $169.18.

Check Point Software Technologies Stock Performance

CHKP stock traded down $2.55 during mid-day trading on Thursday, hitting $152.38. The company had a trading volume of 481,479 shares, compared to its average volume of 716,239. Check Point Software Technologies Ltd. has a 12 month low of $118.21 and a 12 month high of $168.82. The stock’s fifty day moving average price is $159.94 and its two-hundred day moving average price is $153.90. The firm has a market cap of $18.40 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last announced 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 return on equity of 31.42% and a net margin of 34.33%. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.

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.