Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Glen Eagle Advisors LLC

Glen Eagle Advisors LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,159 shares of the technology company’s stock after purchasing an additional 418 shares during the period. Glen Eagle Advisors LLC’s holdings in Check Point Software Technologies were worth $2,643,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Gitterman Wealth Management LLC lifted its position in Check Point Software Technologies by 3.2% during the fourth 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 in the last quarter. TD Waterhouse Canada Inc. lifted its position in Check Point Software Technologies by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after buying an additional 52 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its position in Check Point Software Technologies by 0.9% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after buying an additional 56 shares in the last quarter. Regatta Capital Group LLC lifted its position in Check Point Software Technologies by 4.9% during the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after buying an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Check Point Software Technologies by 3.1% during the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after buying an additional 57 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CHKP. Truist Financial reiterated a “buy” rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a research report on Friday, January 31st. Susquehanna lifted their target price on Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research report on Friday, January 31st. Scotiabank reduced their target price on Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lifted their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Bank of America upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and lifted their target price for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $232.04.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP opened at $220.92 on Wednesday. The stock has a 50-day simple moving average of $219.55 and a 200-day simple moving average of $204.20. The stock has a market cap of $24.30 billion, a P/E ratio of 29.57, a P/E/G ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36.

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

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.