Benjamin Edwards Inc. Buys 200 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Benjamin Edwards Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,463 shares of the technology company’s stock after purchasing an additional 200 shares during the quarter. Benjamin Edwards Inc.’s holdings in Check Point Software Technologies were worth $835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 3rd quarter worth approximately $25,000. CNB Bank purchased a new position in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. Bruce G. Allen Investments LLC bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $30,000. Salem Investment Counselors Inc. boosted its stake in shares of Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after purchasing an additional 237 shares in the last quarter. Finally, Y.D. More Investments Ltd bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $49,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Mizuho restated a “neutral” rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Truist Financial increased their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Wedbush reissued an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research note on Friday, April 26th. Scotiabank raised their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 7th. Finally, TD Cowen boosted their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Twelve analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Stock Up 1.2 %

Shares of NASDAQ CHKP traded up $1.73 on Friday, reaching $151.20. 523,708 shares of the company’s stock traded hands, compared to its average volume of 726,706. The business’s 50 day simple moving average is $160.69 and its two-hundred day simple moving average is $153.30. Check Point Software Technologies Ltd. has a 12 month low of $118.21 and a 12 month high of $168.82. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The company had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. Analysts forecast that Check Point Software Technologies Ltd. will post 7.79 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.