RMR Wealth Builders Invests $293,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

RMR Wealth Builders acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 1st quarter, Holdings Channel.com reports. The fund acquired 1,285 shares of the technology company’s stock, valued at approximately $293,000.

Several other large investors also recently made changes to their positions in the stock. Gitterman Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after buying an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after purchasing an additional 52 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Check Point Software Technologies by 19.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock worth $77,000 after purchasing an additional 55 shares in the last quarter. Argonautica Private Wealth Management Inc. raised its stake in Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after purchasing an additional 56 shares in the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP opened at $218.93 on Friday. The company’s 50 day moving average price is $219.86 and its two-hundred day moving average price is $210.21. Check Point Software Technologies Ltd. has a fifty-two week low of $153.88 and a fifty-two week high of $234.36. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of 29.31, a PEG ratio of 3.41 and a beta of 0.66.

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

Wall Street Analysts Forecast Growth

CHKP has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Roth Capital initiated coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 price objective for the company. Bank of America upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $221.00 to $255.00 in a research note on Wednesday, February 26th. Sixteen research 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’s stock. According to MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $232.04.

About Check Point Software Technologies

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.