Ellevest Inc. Purchases 81 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ellevest Inc. lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,222 shares of the technology company’s stock after purchasing an additional 81 shares during the quarter. Ellevest Inc.’s holdings in Check Point Software Technologies were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CHKP. Barclays PLC lifted its holdings in shares of Check Point Software Technologies by 6.0% during the 3rd quarter. Barclays PLC now owns 80,432 shares of the technology company’s stock valued at $15,507,000 after purchasing an additional 4,522 shares in the last quarter. Franklin Resources Inc. lifted its stake in Check Point Software Technologies by 7.0% in the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company’s stock valued at $34,665,000 after buying an additional 10,861 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Check Point Software Technologies by 13.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company’s stock worth $1,093,000 after acquiring an additional 675 shares in the last quarter. Finally, City State Bank acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $154,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $217.59 on Friday. The stock has a market capitalization of $23.93 billion, a P/E ratio of 29.13, a PEG ratio of 3.41 and a beta of 0.66. The stock’s fifty day moving average is $220.18 and its 200 day moving average is $202.77. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same quarter in the prior year, the firm posted $2.04 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent research reports. Citigroup lifted their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Arete Research raised Check Point Software Technologies to a “hold” rating in a research report on Monday, February 24th. Bank of America upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Morgan Stanley reduced their target price on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Finally, Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Eighteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $232.04.

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.