Unique Wealth Strategies LLC Invests $1.01 Million in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Unique Wealth Strategies LLC acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,578 shares of the technology company’s stock, valued at approximately $1,005,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Ariel Investments LLC boosted its stake in Check Point Software Technologies by 121.2% during the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after purchasing an additional 593,623 shares in the last quarter. Morningstar Investment Services LLC acquired a new position in Check Point Software Technologies during the third quarter worth about $65,522,000. LSV Asset Management raised its position in Check Point Software Technologies by 1,535.7% in the third quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock worth $55,156,000 after acquiring an additional 388,535 shares in the last quarter. Boston Trust Walden Corp lifted its holdings in Check Point Software Technologies by 248.8% in the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock valued at $46,784,000 after acquiring an additional 218,403 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Check Point Software Technologies by 107.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock valued at $48,244,000 after purchasing an additional 187,314 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

CHKP traded down $1.75 during trading on Friday, reaching $151.20. 1,275,556 shares of the stock traded hands, compared to its average volume of 616,404. Check Point Software Technologies Ltd. has a fifty-two week low of $117.18 and a fifty-two week high of $168.82. The stock’s 50-day simple moving average is $161.41 and its two-hundred day simple moving average is $152.89. The stock has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.48 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting the consensus estimate of $1.72. The firm had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.30%. Research analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Stifel Nicolaus cut their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research note on Friday. Wedbush restated an “outperform” rating and issued a $185.00 target price on shares of Check Point Software Technologies in a report on Friday. TD Cowen upped their target price on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Finally, Susquehanna lifted their price target on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $164.00.

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.