Blair, William & Company IL increased its stake in Check Point Software Technologies Inc. (NASDAQ:CHKP – free report ) by 4.6% during the first quarter, according to the latest Form 13F filing with the SEC. The institutional investor bought an additional 794 shares during the period, giving it a holding of 18,168 shares of the technology company’s stock. Blair, William & Company IL’s holdings in Check Point Software Technologies Inc. were worth $2.98 million as of the latest filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the company’s stock. Concord Wealth Partners acquired a new stake in Check Point Software Technologies Inc. worth $31,000 during the first quarter. Richardson Financial Services Inc. acquired a new stake in Check Point Software Technologies Inc. worth approximately $33,000 during the fourth quarter. Salem Investment Counselors Inc. increased its holdings in Check Point Software Technologies Inc. by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the company’s stock, valued at $44,000, after purchasing an additional 237 shares during the period. YD More Investments Inc. increased its holdings in Check Point Software Technologies Inc. by 37.0% during the fourth quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired approximately $92,000 worth of shares in Check Point Software Technologies during the 4th quarter. Institutional investors and hedge funds now own 87.62% of the company’s shares.
Analyst upgrades and downgrades
CHKP has been the subject of a number of analyst reports recently. Mizuho reaffirmed a “neutral” rating on shares of Check Point Software Technologies Inc. and set a $160.00 price target in a research report on Wednesday, March 27th. Barclays raised their price target on Check Point Software Technologies Inc. from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Needham and Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies Inc. in a report on Friday, April 26th. KeyCorp raised their “hold” rating on shares of Check Point Software Technologies Inc. in a research report on Tuesday, May 14th. Finally, Wedbush reaffirmed an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies Inc. in a research report on Friday, April 26th. Thirteen equities research analysts have rated the stock with a “hold” rating, and nine have rated it with a “buy” rating. According to MarketBeat, Check Point Software Technologies currently has an average rating of “hold” and an average price target of $169.18.
View the latest analysis for Check Point Software Technology
Check Point Software Technologies shares fell 0.9%
Check Point Software Technologies Inc. shares opened trading at $170.49 on Friday. Check Point Software Technologies Inc.’s 12-month low and high are $125.68 and $174.93, respectively. The stock’s 50-day moving average is $159.18 and 200-day moving average is $159.41. The stock has a market cap of $19.25 billion, a P/E ratio of 23.68, a PEG ratio of 2.69 and a beta of 0.62.
Check Point Software Technologies (NASDAQ:CHKP – Get free report ) last released its quarterly earnings data on Thursday, April 25th. The technology company reported quarterly earnings per share (EPS) of $1.72, hitting the consensus estimate of $1.72. Revenues for the quarter were $598.80 million, beating the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. Sell-side analysts expect Check Point Software Technologies Inc to post earnings of 7.79 per share for the year.
Check Point Software Technologies Profile
(Free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of products and services for IT security worldwide. The company offers multi-level security architecture, cloud, network, mobile device, endpoint information and IoT solutions. The company offers Check Point Infinity Architecture, a cyber security architecture that protects against fifth generation cyber attacks across a range of networks, endpoints, cloud, workloads, Internet of Things and mobile.
Featured Articles
Want to know which other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Check Point Software Technologies Ltd. (NASDAQ:CHKP – FREE REPORT).
Get Check Point Software Technologies News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings on Check Point Software Technologies and related companies every day with MarketBeat.com’s free email newsletter.
