Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Kathmere Capital Management LLC

Kathmere Capital Management LLC boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,869 shares of the technology company’s stock after purchasing an additional 181 shares during the period. Kathmere Capital Management LLC’s holdings in Check Point Software Technologies were worth $349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter valued at about $27,000. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies during the third quarter valued at approximately $33,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the period. Concord Wealth Partners purchased a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $37,000. Finally, Arrow Financial Corp grew its stake in shares of Check Point Software Technologies by 62.5% during the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 1.8 %

Shares of NASDAQ CHKP opened at $186.77 on Friday. The stock has a market cap of $20.54 billion, a PE ratio of 25.52, a P/E/G ratio of 2.86 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $210.70. The company has a 50-day moving average of $183.55 and a 200 day moving average of $185.44.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same period in the prior year, the business earned $1.80 earnings per share. The business’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CHKP. Mizuho boosted their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Truist Financial raised their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Barclays reduced their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $202.95.

About Check Point Software Technologies

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.