Capital Investment Advisors LLC Purchases New Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Capital Investment Advisors LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 982 shares of the technology company’s stock, valued at approximately $224,000.

A number of other large investors have also modified their holdings of CHKP. Park Avenue Securities LLC lifted its stake in Check Point Software Technologies by 3.8% in the 1st quarter. Park Avenue Securities LLC now owns 8,699 shares of the technology company’s stock valued at $1,983,000 after buying an additional 316 shares in the last quarter. SOA Wealth Advisors LLC. raised its position in Check Point Software Technologies by 392.5% in the first quarter. SOA Wealth Advisors LLC. now owns 527 shares of the technology company’s stock valued at $120,000 after purchasing an additional 420 shares during the period. Patriot Financial Group Insurance Agency LLC lifted its position in Check Point Software Technologies by 1.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 5,884 shares of the technology company’s stock valued at $1,341,000 after buying an additional 109 shares during the last quarter. Clean Yield Group lifted its holdings in shares of Check Point Software Technologies by 0.4% in the 1st quarter. Clean Yield Group now owns 25,896 shares of the technology company’s stock worth $5,902,000 after acquiring an additional 95 shares during the last quarter. Finally, Alliance Wealth Advisors LLC acquired a new position in Check Point Software Technologies during the first quarter worth $226,000. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research reports. Wedbush reissued an “outperform” rating and set a $240.00 price target on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Robert W. Baird raised shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Wells Fargo & Company decreased their price objective on Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Scotiabank decreased their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 24th. Finally, Mizuho lifted their price objective on shares of Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Sixteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $232.04.

Check Point Software Technologies Trading Down 3.0%

Shares of CHKP stock opened at $222.67 on Thursday. Check Point Software Technologies Ltd. has a twelve month low of $153.88 and a twelve month high of $234.36. The company has a market capitalization of $24.49 billion, a price-to-earnings ratio of 29.81, a PEG ratio of 3.41 and a beta of 0.66. The firm has a 50-day moving average price of $219.47 and a 200 day moving average price of $209.68.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million for the quarter, compared to analysts’ expectations of $635.80 million. During the same quarter last year, the firm earned $2.04 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.