Integrated Investment Consultants LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Integrated Investment Consultants LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,279 shares of the technology company’s stock, valued at approximately $239,000.

Other large investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $27,000. GAMMA Investing LLC boosted its holdings in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the 3rd quarter worth about $33,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $37,000. Finally, Arrow Financial Corp raised its holdings in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after acquiring an additional 100 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.6 %

Shares of NASDAQ CHKP opened at $187.87 on Friday. The stock has a market capitalization of $20.66 billion, a PE ratio of 25.67, a PEG 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. The stock has a fifty day simple moving average of $183.98 and a 200-day simple moving average of $185.73.

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

Wall Street Analyst Weigh In

CHKP has been the subject of several research reports. Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Barclays lowered their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. JPMorgan Chase & Co. increased their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Finally, Piper Sandler boosted their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Seventeen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and a consensus target price 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.