Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Lifted by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 29.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,316 shares of the technology company’s stock after buying an additional 757 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Check Point Software Technologies were worth $507,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Check Point Software Technologies by 138.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,505,958 shares of the technology company’s stock worth $195,775,000 after purchasing an additional 875,580 shares in the last quarter. Norges Bank bought a new position in shares of Check Point Software Technologies in the fourth quarter worth $80,456,000. Ariel Investments LLC grew its stake in shares of Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares in the last quarter. Morningstar Investment Services LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth $65,522,000. Finally, LSV Asset Management grew its stake in shares of Check Point Software Technologies by 1,535.7% in the third quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock worth $55,156,000 after purchasing an additional 388,535 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CHKP. Wedbush reaffirmed an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. Scotiabank lifted their target price on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Wednesday, February 7th. Raymond James raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Monday, December 18th. Wells Fargo & Company lifted their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Finally, Truist Financial lifted their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $159.70.

Check Point Software Technologies Trading Down 0.9 %

Shares of NASDAQ CHKP opened at $161.73 on Monday. Check Point Software Technologies Ltd. has a one year low of $117.18 and a one year high of $168.82. The firm has a market capitalization of $19.53 billion, a PE ratio of 22.71, a PEG ratio of 2.62 and a beta of 0.61. The business has a 50-day moving average price of $162.63 and a two-hundred day moving average price of $151.52.

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

Check Point Software Technologies Company 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.