IFG Advisory LLC Has $5.02 Million Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

IFG Advisory LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 23.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 32,825 shares of the technology company’s stock after buying an additional 6,251 shares during the quarter. IFG Advisory LLC’s holdings in Check Point Software Technologies were worth $5,015,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Private Advisor Group LLC lifted its stake in Check Point Software Technologies by 40.4% in the first quarter. Private Advisor Group LLC now owns 3,555 shares of the technology company’s stock valued at $492,000 after acquiring an additional 1,023 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of Check Point Software Technologies by 7.7% in the first quarter. Yousif Capital Management LLC now owns 6,814 shares of the technology company’s stock worth $942,000 after buying an additional 485 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Check Point Software Technologies by 12.1% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 3,715 shares of the technology company’s stock worth $514,000 after buying an additional 400 shares during the last quarter. Synovus Financial Corp acquired a new stake in shares of Check Point Software Technologies in the first quarter worth $210,000. Finally, Cibc World Market Inc. acquired a new stake in shares of Check Point Software Technologies in the first quarter worth $3,511,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CHKP shares. JPMorgan Chase & Co. boosted their price objective on shares of Check Point Software Technologies from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Monday, December 11th. William Blair raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Scotiabank boosted their target price on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. Susquehanna boosted their target price on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets boosted their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average price target of $159.70.

Check Point Software Technologies Stock Up 0.0 %

Shares of CHKP opened at $164.15 on Thursday. The stock has a market capitalization of $19.82 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.67 and a beta of 0.61. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The company has a 50 day moving average of $161.44 and a 200-day moving average of $148.94.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.10. The company had revenue of $663.50 million during the quarter, compared to analysts’ expectations of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $2.23 EPS. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

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.