Nisa Investment Advisors LLC Has $2.12 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nisa Investment Advisors LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 36.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,890 shares of the technology company’s stock after purchasing an additional 3,685 shares during the period. Nisa Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $2,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at $30,000. CNB Bank bought a new position in shares of Check Point Software Technologies in the third quarter valued at $27,000. Resurgent Financial Advisors LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at $28,000. Finally, Salem Investment Counselors Inc. grew its stake in shares of Check Point Software Technologies by 483.7% in 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 in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CHKP shares. Wells Fargo & Company raised their target price on shares of 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. Scotiabank raised 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 note on Wednesday, February 7th. Wedbush reissued an “outperform” rating and issued a $185.00 target price on shares of Check Point Software Technologies in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Finally, William Blair raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $159.70.

Check Point Software Technologies Stock Down 0.9 %

CHKP stock opened at $161.73 on Friday. The company has a market cap of $19.53 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.64 and a beta of 0.61. The business has a 50-day simple moving average of $162.63 and a 200 day simple moving average of $151.39. Check Point Software Technologies Ltd. has a 52 week low of $117.18 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. Check Point Software Technologies’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.23 earnings per share. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 EPS for the current fiscal 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.