Benjamin Edwards Inc. Acquires 1,726 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Benjamin Edwards Inc. increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 27.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,927 shares of the technology company’s stock after acquiring an additional 1,726 shares during the quarter. Benjamin Edwards Inc.’s holdings in Check Point Software Technologies were worth $1,528,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $27,000. Edgestream Partners L.P. acquired a new stake in Check Point Software Technologies during the third quarter worth about $252,000. Verition Fund Management LLC bought a new position in Check Point Software Technologies during the third quarter valued at about $493,000. Hyperion Capital Advisors LP bought a new position in Check Point Software Technologies during the third quarter valued at about $284,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Down 1.1 %

NASDAQ CHKP opened at $188.05 on Friday. The company has a market capitalization of $20.68 billion, a PE ratio of 25.69, a P/E/G ratio of 3.19 and a beta of 0.63. The stock has a 50-day simple moving average of $188.59 and a 200 day simple moving average of $179.03. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period last year, the firm posted $1.80 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CHKP. JPMorgan Chase & Co. boosted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Jefferies Financial Group raised their price objective on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Finally, Barclays cut their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $197.74.

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.