Milestone Asset Management LLC Has $333,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Milestone Asset Management LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,781 shares of the technology company’s stock after buying an additional 160 shares during the quarter. Milestone Asset Management LLC’s holdings in Check Point Software Technologies were worth $333,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CHKP. Dimensional Fund Advisors LP bought a new position in Check Point Software Technologies during the 2nd quarter valued at $2,079,000. Millennium Management LLC raised its holdings in shares of Check Point Software Technologies by 20.6% in the second quarter. Millennium Management LLC now owns 44,101 shares of the technology company’s stock valued at $7,277,000 after purchasing an additional 7,523 shares during the last quarter. Creative Planning lifted its position in shares of Check Point Software Technologies by 12.9% during the second quarter. Creative Planning now owns 18,510 shares of the technology company’s stock valued at $3,054,000 after purchasing an additional 2,122 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Check Point Software Technologies by 145.8% during the second quarter. NewEdge Advisors LLC now owns 12,832 shares of the technology company’s stock worth $2,117,000 after purchasing an additional 7,611 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Check Point Software Technologies in the 2nd quarter worth about $250,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 7.4 %

Shares of Check Point Software Technologies stock opened at $218.99 on Friday. The company’s 50-day moving average price is $187.20 and its 200-day moving average price is $187.22. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $226.03. The company has a market cap of $24.09 billion, a price-to-earnings ratio of 29.92, a PEG ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million for the quarter, compared to analysts’ expectations 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 company posted $1.80 EPS. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Stifel Nicolaus upped their price objective on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Barclays lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Thursday. Finally, Cantor Fitzgerald restated a “neutral” rating and set a $200.00 price target on shares of Check Point Software Technologies in a research report on Monday. Seventeen 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, the stock has a consensus rating of “Hold” and an average price target of $206.60.

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.