Koshinski Asset Management Inc. Has $582,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Koshinski Asset Management Inc. lifted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.0% in the third quarter, according to its most recent filing with the SEC. The firm owned 3,016 shares of the technology company’s stock after acquiring an additional 273 shares during the period. Koshinski Asset Management Inc.’s holdings in Check Point Software Technologies were worth $582,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Meyer Handelman Co. lifted its holdings in Check Point Software Technologies by 3.8% during the 3rd quarter. Meyer Handelman Co. now owns 39,991 shares of the technology company’s stock valued at $7,711,000 after purchasing an additional 1,468 shares during the last quarter. First Affirmative Financial Network acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $207,000. Wynn Capital LLC increased its position in Check Point Software Technologies by 3.4% in the 3rd quarter. Wynn Capital LLC now owns 3,936 shares of the technology company’s stock valued at $759,000 after acquiring an additional 130 shares in the last quarter. Capital Insight Partners LLC grew its position in shares of Check Point Software Technologies by 5.6% during the 3rd quarter. Capital Insight Partners LLC now owns 23,519 shares of the technology company’s stock worth $4,535,000 after buying an additional 1,241 shares during the period. Finally, Steigerwald Gordon & Koch Inc. grew its position in shares of Check Point Software Technologies by 2.7% during the 3rd quarter. Steigerwald Gordon & Koch Inc. now owns 123,226 shares of the technology company’s stock worth $23,759,000 after buying an additional 3,216 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $208.02 on Tuesday. The firm’s fifty day moving average price is $190.84 and its two-hundred day moving average price is $171.56. The stock has a market cap of $23.49 billion, a PE ratio of 28.89, a PEG ratio of 3.17 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.74 earnings per share. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHKP has been the subject of several analyst reports. Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, September 16th. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Scotiabank lifted their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Robert W. Baird lifted their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Finally, JPMorgan Chase & Co. lifted their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $186.05.

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.