Signaturefd LLC Buys 170 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Signaturefd LLC lifted its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,281 shares of the technology company’s stock after acquiring an additional 170 shares during the period. Signaturefd LLC’s holdings in Check Point Software Technologies were worth $654,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies in the third quarter valued at about $25,000. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth about $30,000. CNB Bank acquired a new stake in Check Point Software Technologies during the third quarter worth about $27,000. Salem Investment Counselors Inc. grew its stake in Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after buying an additional 237 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in Check Point Software Technologies during the third quarter worth about $49,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CHKP. Truist Financial increased their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Scotiabank increased their price objective on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, February 7th. Royal Bank of Canada raised their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Finally, TD Cowen raised their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Thirteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $160.16.

Check Point Software Technologies Stock Up 1.3 %

Shares of CHKP stock opened at $160.80 on Wednesday. The company has a market cap of $19.42 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. The firm has a 50 day moving average of $161.95 and a 200-day moving average of $152.72. Check Point Software Technologies Ltd. has a 52 week low of $117.18 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The firm had revenue of $663.50 million for the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.23 EPS. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 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.