Cetera Advisor Networks LLC Purchases 1,902 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cetera Advisor Networks LLC grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 4.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,610 shares of the technology company’s stock after purchasing an additional 1,902 shares during the period. Cetera Advisor Networks LLC’s holdings in Check Point Software Technologies were worth $6,969,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at about $214,000. Janney Montgomery Scott LLC boosted its holdings in Check Point Software Technologies by 1.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 19,552 shares of the technology company’s stock valued at $2,606,000 after acquiring an additional 296 shares during the period. D.A. Davidson & CO. boosted its holdings in Check Point Software Technologies by 5.6% during the 3rd quarter. D.A. Davidson & CO. now owns 2,377 shares of the technology company’s stock valued at $317,000 after acquiring an additional 127 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in Check Point Software Technologies by 3.6% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 4,189 shares of the technology company’s stock valued at $558,000 after acquiring an additional 146 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Check Point Software Technologies by 23.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 134,382 shares of the technology company’s stock valued at $17,910,000 after acquiring an additional 25,180 shares during the period. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 1.0 %

CHKP stock opened at $156.41 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $122.86 and a twelve month high of $168.82. The firm has a market cap of $17.66 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.44 and a beta of 0.61. The business has a 50 day moving average of $155.18 and a 200 day moving average of $156.05.

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

Wall Street Analysts Forecast Growth

CHKP has been the subject of several analyst reports. TD Cowen increased their target price on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Barclays increased their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. Stifel Nicolaus dropped their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Thirteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $169.18.

Get Our Latest Report on Check Point Software Technologies

Check Point Software Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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