FSA Wealth Management LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 140 shares of the technology company’s stock, valued at approximately $27,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Check Point Software Technologies by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 335,251 shares of the technology company’s stock worth $54,985,000 after acquiring an additional 4,194 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Check Point Software Technologies by 18.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 19,139 shares of the technology company’s stock worth $3,140,000 after purchasing an additional 3,008 shares in the last quarter. Cetera Investment Advisers increased its holdings in Check Point Software Technologies by 1,020.7% in the first quarter. Cetera Investment Advisers now owns 56,551 shares of the technology company’s stock valued at $9,275,000 after buying an additional 51,505 shares during the last quarter. Cetera Advisors LLC raised its stake in Check Point Software Technologies by 53.0% during the first quarter. Cetera Advisors LLC now owns 4,299 shares of the technology company’s stock valued at $705,000 after buying an additional 1,490 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies during the 2nd quarter worth approximately $30,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CHKP. Royal Bank of Canada reiterated a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Barclays reduced their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Mizuho lifted their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Stock Up 0.2 %

Shares of CHKP opened at $182.00 on Monday. The firm has a 50-day moving average price of $189.23 and a 200 day moving average price of $178.42. The firm has a market capitalization of $20.02 billion, a PE ratio of 24.86, a P/E/G ratio of 3.11 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 earnings per share. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.86 EPS for the current year.

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.