Vident Advisory LLC Purchases 27,036 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vident Advisory LLC boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 32.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 109,417 shares of the technology company’s stock after purchasing an additional 27,036 shares during the quarter. Vident Advisory LLC’s holdings in Check Point Software Technologies were worth $20,428,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gitterman Wealth Management LLC increased its stake in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock valued at $286,000 after buying an additional 48 shares during the period. TD Waterhouse Canada Inc. increased its stake in shares of Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock valued at $578,000 after buying an additional 52 shares during the period. Argonautica Private Wealth Management Inc. increased its stake in shares of Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock valued at $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC increased its stake in shares of Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in shares of Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 1.2%

Shares of CHKP opened at $218.68 on Monday. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66. The stock has a 50 day moving average of $219.41 and a 200 day moving average of $203.75. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same period last year, the business posted $2.04 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CHKP. Truist Financial reissued a “buy” rating and issued a $250.00 price target (up previously from $220.00) on shares of Check Point Software Technologies in a research note on Friday, January 31st. Compass Point set a $260.00 price target on Check Point Software Technologies in a research note on Thursday, March 27th. Stifel Nicolaus increased their price target on Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their target price for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $232.04.

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.