Stratos Wealth Partners LTD. Invests $212,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Stratos Wealth Partners LTD. purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,386 shares of the technology company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC bought a new position in Check Point Software Technologies in the fourth quarter worth approximately $1,505,000. Capital Insight Partners LLC grew its stake in Check Point Software Technologies by 6.6% in the fourth quarter. Capital Insight Partners LLC now owns 18,907 shares of the technology company’s stock worth $2,889,000 after purchasing an additional 1,178 shares in the last quarter. Clean Yield Group grew its stake in Check Point Software Technologies by 3.9% in the fourth quarter. Clean Yield Group now owns 21,221 shares of the technology company’s stock worth $3,242,000 after purchasing an additional 792 shares in the last quarter. International Assets Investment Management LLC bought a new position in Check Point Software Technologies in the fourth quarter worth approximately $47,160,000. Finally, Boston Trust Walden Corp grew its stake in Check Point Software Technologies by 248.8% in the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after purchasing an additional 218,403 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research analyst reports. Royal Bank of Canada increased their price objective on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. UBS Group increased their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Mizuho reaffirmed a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Truist Financial increased their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets increased their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $159.70.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $156.80 on Wednesday. The firm has a market capitalization of $18.94 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.62 and a beta of 0.61. The business has a fifty day moving average of $162.45 and a 200 day moving average of $151.85. Check Point Software Technologies Ltd. has a 1 year low of $117.18 and a 1 year high of $168.82.

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