Mercer Global Advisors Inc. ADV Acquires 514 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mercer Global Advisors Inc. ADV increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,586 shares of the technology company’s stock after purchasing an additional 514 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Check Point Software Technologies were worth $669,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHKP. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at approximately $25,000. GAMMA Investing LLC raised its stake in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Golden State Wealth Management LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at $35,000. Strategic Financial Concepts LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at $35,000. Finally, Quarry LP raised its stake in Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after buying an additional 103 shares during the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $217.59 on Monday. The stock has a 50-day simple moving average of $220.18 and a two-hundred day simple moving average of $202.74. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $234.36. The firm has a market capitalization of $23.93 billion, a PE ratio of 29.13, a P/E/G ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $635.80 million. During the same quarter in the previous year, the company posted $2.04 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. Equities analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of a number of recent research reports. Mizuho lifted their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. UBS Group lifted their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird upgraded Check Point Software Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $235.00 to $255.00 in a research note on Thursday, February 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $215.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $250.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Eighteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $232.04.

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.