Ritholtz Wealth Management Raises Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ritholtz Wealth Management raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,260 shares of the technology company’s stock after purchasing an additional 789 shares during the period. Ritholtz Wealth Management’s holdings in Check Point Software Technologies were worth $804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Private Advisor Group LLC lifted its holdings in shares of Check Point Software Technologies by 40.4% during the 1st quarter. Private Advisor Group LLC now owns 3,555 shares of the technology company’s stock valued at $492,000 after purchasing an additional 1,023 shares during the last quarter. Yousif Capital Management LLC increased its position in Check Point Software Technologies by 7.7% during the 1st quarter. Yousif Capital Management LLC now owns 6,814 shares of the technology company’s stock valued at $942,000 after buying an additional 485 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Check Point Software Technologies by 12.1% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,715 shares of the technology company’s stock valued at $514,000 after buying an additional 400 shares during the last quarter. Synovus Financial Corp purchased a new stake in shares of Check Point Software Technologies during the first quarter worth about $210,000. Finally, Cibc World Market Inc. acquired a new position in shares of Check Point Software Technologies during the first quarter valued at about $3,511,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $164.01 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82. The company’s fifty day moving average price is $161.79 and its 200 day moving average price is $149.34. The company has a market capitalization of $19.81 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.66 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last posted its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.23 EPS. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Check Point Software Technologies from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. UBS Group boosted their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Citigroup raised their target price on Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Mizuho reiterated a “neutral” rating and set a $160.00 price target on shares of Check Point Software Technologies in a research note on Wednesday. Finally, Wedbush raised their price objective on Check Point Software Technologies from $170.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.70.

Read Our Latest Stock Analysis on Check Point Software Technologies

Check Point Software Technologies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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