International Assets Investment Management LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

International Assets Investment Management LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 30,864 shares of the technology company’s stock, valued at approximately $47,160,000.

Other institutional investors also recently added to or reduced their stakes in the company. BSW Wealth Partners increased its position in shares of Check Point Software Technologies by 3.7% during the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock worth $330,000 after acquiring an additional 78 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Check Point Software Technologies by 36.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 13,890 shares of the technology company’s stock worth $2,122,000 after buying an additional 3,685 shares in the last quarter. Tritonpoint Wealth LLC purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at $2,586,000. Stratos Wealth Partners LTD. purchased a new position in shares of Check Point Software Technologies during the fourth quarter valued at $212,000. Finally, Prime Capital Investment Advisors LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $1,505,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CHKP shares. Barclays raised their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. Susquehanna upped their price objective on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. Finally, UBS Group lifted their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $151.20 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $118.21 and a fifty-two week high of $168.82. The company has a market cap of $18.26 billion, a PE ratio of 21.00, a PEG ratio of 2.42 and a beta of 0.64. The business’s 50-day simple moving average is $160.69 and its two-hundred day simple moving average is $153.30.

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