30,864 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,864 shares of the technology company’s stock, valued at approximately $47,160,000.

Other institutional investors also recently bought and sold shares of the company. Brookstone Capital Management raised its position in shares of Check Point Software Technologies by 38.2% during the 3rd quarter. Brookstone Capital Management now owns 6,072 shares of the technology company’s stock worth $823,000 after acquiring an additional 1,678 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Check Point Software Technologies by 5.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 18,467 shares of the technology company’s stock worth $2,461,000 after buying an additional 872 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Check Point Software Technologies by 38.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,421 shares of the technology company’s stock worth $1,789,000 after buying an additional 3,745 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Check Point Software Technologies by 420.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 65,843 shares of the technology company’s stock valued at $8,776,000 after buying an additional 53,192 shares in the last quarter. Finally, Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies in the 3rd quarter valued at $25,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. 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. Susquehanna upped their target price on Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. Scotiabank lifted their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research note on Friday, April 26th. Finally, Mizuho restated 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. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Stock Up 1.2 %

NASDAQ CHKP opened at $151.20 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The firm has a 50-day moving average price of $160.69 and a 200 day moving average price of $153.30. The stock has a market capitalization of $18.26 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.42 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The business had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $595.28 million. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal 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.