Franklin Parlapiano Turner & Welch LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Franklin Parlapiano Turner & Welch LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,480 shares of the technology company’s stock, valued at approximately $5,691,000. Check Point Software Technologies accounts for about 1.5% of Franklin Parlapiano Turner & Welch LLC’s investment portfolio, making the stock its 24th largest position.

Several other large investors have also added to or reduced their stakes in CHKP. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the third quarter worth approximately $27,000. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies in the third quarter worth approximately $33,000. GAMMA Investing LLC boosted its holdings in 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 acquiring an additional 60 shares in the last quarter. Concord Wealth Partners bought a new position in Check Point Software Technologies in the third quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $203.90 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The company has a market cap of $22.42 billion, a PE ratio of 27.86, a P/E/G ratio of 3.05 and a beta of 0.63. The stock’s 50-day moving average is $186.66 and its 200 day moving average is $187.10.

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

Wall Street Analyst Weigh In

A number of brokerages recently commented on CHKP. Evercore ISI lifted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Scotiabank raised their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Finally, Stifel Nicolaus raised their target price on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $205.10.

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.