Steigerwald Gordon & Koch Inc. Purchases 1,359 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Steigerwald Gordon & Koch Inc. increased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 124,585 shares of the technology company’s stock after buying an additional 1,359 shares during the quarter. Check Point Software Technologies comprises 2.6% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 13th largest position. Steigerwald Gordon & Koch Inc.’s holdings in Check Point Software Technologies were worth $23,260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CHKP. Bank of Montreal Can boosted its position in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after buying an additional 20,866 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth approximately $1,599,000. MML Investors Services LLC increased its stake in shares of Check Point Software Technologies by 3.7% in the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock worth $19,957,000 after buying an additional 3,655 shares during the period. Martin Investment Management LLC raised its holdings in Check Point Software Technologies by 2.0% during the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after buying an additional 3,225 shares during the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in Check Point Software Technologies by 69.6% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock valued at $4,502,000 after buying an additional 9,580 shares during the period. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.6 %

Check Point Software Technologies stock opened at $187.87 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $210.70. The business’s fifty day simple moving average is $183.98 and its two-hundred day simple moving average is $185.73. The company has a market capitalization of $20.66 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on CHKP shares. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Barclays dropped their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Jefferies Financial Group boosted their target price on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Truist Financial raised their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $202.33.

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.