SG Americas Securities LLC Buys 7,927 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

SG Americas Securities LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,242 shares of the technology company’s stock after acquiring an additional 7,927 shares during the period. SG Americas Securities LLC’s holdings in Check Point Software Technologies were worth $12,927,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Bank of Montreal Can raised its stake in shares of Check Point Software Technologies by 32.2% in 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 during the period. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies during the third quarter worth about $1,599,000. MML Investors Services LLC raised its position in Check Point Software Technologies by 3.7% in the 3rd 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 during the last quarter. Martin Investment Management LLC lifted its stake in Check Point Software Technologies by 2.0% in the 3rd quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock valued at $31,497,000 after acquiring an additional 3,225 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC boosted its position in Check Point Software Technologies by 69.6% during the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock worth $4,502,000 after acquiring an additional 9,580 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently 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. JPMorgan Chase & Co. boosted their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Evercore ISI raised their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Citigroup upped their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Finally, Jefferies Financial Group increased their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Seventeen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $203.05.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $196.38 on Friday. The firm has a market cap of $21.60 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70. The firm’s 50-day simple moving average is $184.82 and its 200 day simple moving average is $186.21.

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

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.