Kestra Private Wealth Services LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Kestra Private Wealth Services LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 2,043 shares of the technology company’s stock, valued at approximately $312,000.

Several other large investors also recently bought and sold shares of the stock. Gitterman Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $221,000. Unique Wealth Strategies LLC purchased a new stake in Check Point Software Technologies during the 4th quarter valued at about $1,005,000. Russell Investments Group Ltd. raised its stake in shares of Check Point Software Technologies by 3.8% in the fourth quarter. Russell Investments Group Ltd. now owns 216,363 shares of the technology company’s stock worth $33,046,000 after purchasing an additional 7,827 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Check Point Software Technologies by 23.2% during the fourth quarter. Headlands Technologies LLC now owns 2,419 shares of the technology company’s stock worth $370,000 after purchasing an additional 455 shares during the period. Finally, Citizens Financial Group Inc. RI purchased a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $210,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.1 %

Shares of NASDAQ:CHKP opened at $154.93 on Thursday. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The stock has a market cap of $18.71 billion, a P/E ratio of 21.52, a PEG ratio of 2.46 and a beta of 0.64. The business has a fifty day moving average of $160.24 and a two-hundred day moving average of $153.91.

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

Analyst Ratings Changes

Several analysts have commented on the stock. Susquehanna lifted their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a research note on Wednesday, February 7th. Scotiabank upped their price target on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a report on Wednesday, February 7th. Barclays lifted their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. UBS Group upped their price objective on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Wedbush restated an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research report on Friday, April 26th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $169.18.

Check Point Software Technologies 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.