SteelPeak Wealth LLC Increases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

SteelPeak Wealth LLC raised its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 51.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,315 shares of the technology company’s stock after purchasing an additional 786 shares during the quarter. SteelPeak Wealth LLC’s holdings in Check Point Software Technologies were worth $432,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHKP. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies in the third quarter worth $27,000. GAMMA Investing LLC raised 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 purchasing an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter worth about $33,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the third quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC raised its stake in Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after buying an additional 137 shares in the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $218.99 on Friday. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $226.03. The company has a market cap of $24.09 billion, a P/E ratio of 29.92, a PEG ratio of 3.05 and a beta of 0.63. The stock’s fifty day moving average price is $187.20 and its 200-day moving average price is $187.22.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting 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 firm 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 firm posted $1.80 EPS. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Scotiabank upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Robert W. Baird lowered their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Citigroup upped their target price on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Finally, Evercore ISI lifted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Seventeen equities research 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, the company has a consensus rating of “Hold” and an average target price of $206.60.

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.