Cypress Wealth Services LLC Purchases Shares of 1,337 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cypress Wealth Services LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,337 shares of the technology company’s stock, valued at approximately $250,000.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can increased its holdings in Check Point Software Technologies by 32.2% during the 3rd quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock valued at $16,532,000 after purchasing an additional 20,866 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth $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 valued at $19,957,000 after buying an additional 3,655 shares in the last quarter. Martin Investment Management LLC increased its stake in shares of Check Point Software Technologies by 2.0% in the third 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 in the last quarter. Finally, Chevy Chase Trust Holdings LLC raised its holdings in shares of Check Point Software Technologies by 69.6% in the third 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 last quarter. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP opened at $187.87 on Friday. The firm’s fifty day moving average is $183.98 and its two-hundred day moving average is $185.61. The firm has a market cap of $20.66 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the business posted $1.80 EPS. The firm’s revenue was up 6.5% compared to the same quarter last year. Equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on CHKP shares. Jefferies Financial Group increased their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Mizuho increased their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday. Seventeen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $202.33.

Check Point Software Technologies 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.