Foundations Investment Advisors LLC Increases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Foundations Investment Advisors LLC boosted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,512 shares of the technology company’s stock after purchasing an additional 208 shares during the period. Foundations Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $870,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies during the 2nd quarter worth about $30,000. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the first quarter worth about $31,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Check Point Software Technologies during the third quarter valued at about $33,000. Sound Income Strategies LLC raised its stake in shares of Check Point Software Technologies by 654.4% in the 3rd quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock valued at $83,000 after acquiring an additional 373 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in shares of Check Point Software Technologies in the 1st quarter worth approximately $107,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 0.0 %

Shares of CHKP opened at $205.40 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $210.70. The stock has a 50 day moving average price of $194.49 and a 200 day moving average price of $173.59. The company has a market capitalization of $23.19 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. During the same period last year, the firm posted $1.74 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CHKP shares. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Royal Bank of Canada lifted their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research note on Thursday, July 25th. BMO Capital Markets increased their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Scotiabank raised their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a report on Thursday, July 25th. Finally, Barclays boosted their price target on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $192.56.

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.