Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 106,174 shares of the technology company’s stock after acquiring an additional 105 shares during the quarter. Peapack Gladstone Financial Corp owned 0.09% of Check Point Software Technologies worth $16,222,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter worth $30,000. Salem Investment Counselors Inc. increased its holdings in Check Point Software Technologies by 483.7% during the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after purchasing an additional 237 shares during the period. Operose Advisors LLC acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $55,000. Y.D. More Investments Ltd boosted its stake in shares of Check Point Software Technologies by 37.0% in the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after buying an additional 135 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $92,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded up $0.57 during mid-day trading on Monday, reaching $151.07. The stock had a trading volume of 547,377 shares, compared to its average volume of 716,731. The business has a 50 day simple moving average of $156.25 and a 200 day simple moving average of $155.76. Check Point Software Technologies Ltd. has a twelve month low of $122.11 and a twelve month high of $168.82. The firm has a market capitalization of $17.06 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.37 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. The business had revenue of $598.80 million during the quarter, compared to analysts’ expectations of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. Mizuho reiterated a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Barclays raised their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Stifel Nicolaus lowered their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Finally, Truist Financial raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $169.18.

About Check Point Software Technologies

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.