Vestmark Advisory Solutions Inc. Acquires Shares of 1,494 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vestmark Advisory Solutions Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 1,494 shares of the technology company’s stock, valued at approximately $228,000.

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

Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. TD Cowen increased 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 note on Monday, March 18th. Stifel Nicolaus cut their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research note on Friday, April 26th. William Blair raised Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Finally, Mizuho restated a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Twelve research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $169.18.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $154.74 on Wednesday. The firm has a market capitalization of $18.69 billion, a PE ratio of 21.49, a P/E/G ratio of 2.46 and a beta of 0.64. Check Point Software Technologies Ltd. has a 1-year low of $118.21 and a 1-year high of $168.82. The business’s fifty day moving average price is $160.24 and its two-hundred day moving average price is $153.91.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. The business had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

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.