Richard P Slaughter Associates Inc Raises Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Richard P Slaughter Associates Inc grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,074 shares of the technology company’s stock after acquiring an additional 167 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in Check Point Software Technologies were worth $3,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CHKP. FSA Wealth Management LLC bought a new stake in Check Point Software Technologies in the third quarter worth $27,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Check Point Software Technologies during the third quarter valued at about $33,000. GAMMA Investing LLC increased its holdings in shares of Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the period. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $37,000. Finally, Arrow Financial Corp increased its stake in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHKP. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Truist Financial upped their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Piper Sandler increased their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Finally, Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Sixteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $202.95.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $183.25 on Wednesday. The stock has a market capitalization of $20.15 billion, a PE ratio of 25.03, a P/E/G ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $210.70. The company’s fifty day simple moving average is $183.36 and its 200-day simple moving average is $185.45.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current 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.