Gen Wealth Partners Inc Purchases 1,074 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Gen Wealth Partners Inc lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 33.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,319 shares of the technology company’s stock after acquiring an additional 1,074 shares during the period. Gen Wealth Partners Inc’s holdings in Check Point Software Technologies were worth $806,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHKP. Gitterman Wealth Management LLC increased its stake in Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after purchasing an additional 52 shares during the last quarter. Argonautica Private Wealth Management Inc. increased its stake in Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after buying an additional 56 shares during the period. Regatta Capital Group LLC lifted its holdings in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock valued at $229,000 after buying an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its position in Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock valued at $353,000 after buying an additional 57 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHKP. StockNews.com downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, April 23rd. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 27th. Wedbush restated an “outperform” rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. JPMorgan Chase & Co. raised shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $221.00 to $255.00 in a research report on Wednesday, February 26th. Finally, Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $190.00 to $220.00 and gave the company a “hold” rating in a report on Friday, January 31st. Eighteen research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $232.04.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $217.59 on Friday. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.41 and a beta of 0.66. The stock’s fifty day moving average price is $220.18 and its 200 day moving average price is $202.77. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same period in the prior year, the company earned $2.04 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.