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

Envestnet Asset Management Inc. grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 379,889 shares of the technology company’s stock after purchasing an additional 17,916 shares during the period. Envestnet Asset Management Inc. owned approximately 0.32% of Check Point Software Technologies worth $58,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Bruce G. Allen Investments LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at $30,000. Salem Investment Counselors Inc. raised its holdings in Check Point Software Technologies by 483.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after buying an additional 237 shares during the period. Operose Advisors LLC purchased a new stake in Check Point Software Technologies during the third quarter valued at about $55,000. Y.D. More Investments Ltd boosted its holdings in shares of Check Point Software Technologies by 37.0% in the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after buying an additional 135 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth approximately $92,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CHKP shares. TD Cowen upped their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Stifel Nicolaus reduced their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Mizuho reaffirmed a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Finally, Wedbush reissued an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research report on Friday, April 26th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $169.18.

View Our Latest Report on Check Point Software Technologies

Check Point Software Technologies Stock Performance

CHKP opened at $156.11 on Tuesday. Check Point Software Technologies Ltd. has a twelve month low of $122.86 and a twelve month high of $168.82. The business has a 50 day moving average price of $155.02 and a 200 day moving average price of $156.23. The firm has a market cap of $17.63 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.47 and a beta of 0.62.

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

Check Point Software Technologies 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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