Signal Advisors Wealth LLC Boosts Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Signal Advisors Wealth LLC grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.3% during the first quarter, HoldingsChannel reports. The firm owned 2,240 shares of the technology company’s stock after buying an additional 153 shares during the period. Signal Advisors Wealth LLC’s holdings in Check Point Software Technologies were worth $510,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Nemes Rush Group LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $35,000. Quarry LP raised its stake in shares of Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after purchasing an additional 103 shares during the period. Finally, Menard Financial Group LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter worth $41,000. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CHKP. Roth Capital began coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 price target for the company. BMO Capital Markets restated an “outperform” rating and issued a $250.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Morgan Stanley dropped their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Wedbush restated an “outperform” rating and issued a $240.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $232.04.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $233.47 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $152.91 and a 1 year high of $234.36. The company has a market cap of $25.68 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The firm has a fifty day moving average of $219.21 and a 200-day moving average of $208.72.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.04 earnings per share. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

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.