Capital Investment Advisory Services LLC Purchases 2,426 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Capital Investment Advisory Services LLC lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 116.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,501 shares of the technology company’s stock after purchasing an additional 2,426 shares during the period. Capital Investment Advisory Services LLC’s holdings in Check Point Software Technologies were worth $840,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in shares of Check Point Software Technologies by 32.2% in the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after purchasing an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in shares of Check Point Software Technologies in the third quarter worth about $1,599,000. MML Investors Services LLC increased its stake in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after purchasing an additional 3,655 shares in the last quarter. Martin Investment Management LLC increased its stake in shares of Check Point Software Technologies by 2.0% in the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC increased its stake in shares of Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock worth $4,502,000 after purchasing an additional 9,580 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 7.4 %

NASDAQ:CHKP opened at $218.99 on Friday. The company has a fifty day moving average of $187.20 and a 200 day moving average of $187.22. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $226.03. The firm has a market capitalization of $24.09 billion, a P/E ratio of 29.92, a P/E/G ratio of 3.05 and a beta of 0.63.

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

Analyst Ratings Changes

Several equities analysts recently commented on CHKP shares. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Mizuho boosted their price objective 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. Piper Sandler boosted their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research note on Monday, January 6th. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Finally, BMO Capital Markets boosted their price objective 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. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $206.60.

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.