SOA Wealth Advisors LLC. Acquires 420 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

SOA Wealth Advisors LLC. increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 392.5% during the first quarter, HoldingsChannel.com reports. The fund owned 527 shares of the technology company’s stock after buying an additional 420 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Check Point Software Technologies were worth $120,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter worth $25,000. Capital A Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $29,000. Golden State Wealth Management LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $35,000. Strategic Financial Concepts LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at $35,000. Finally, Quarry LP raised its stake in shares of Check Point Software Technologies by 100.0% in the fourth quarter. Quarry LP now owns 206 shares of the technology company’s stock valued at $38,000 after buying an additional 103 shares during the period. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $233.47 on Monday. The stock has a market capitalization of $25.68 billion, a PE ratio of 31.25, a P/E/G ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1-year low of $152.91 and a 1-year high of $235.75. The business has a 50-day moving average of $219.21 and a 200 day moving average of $209.13.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.02. The company had revenue of $637.80 million during the quarter, compared to analysts’ expectations of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. Check Point Software Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.04 EPS. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. BMO Capital Markets restated an “outperform” rating and issued a $250.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Scotiabank decreased their price objective on Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 24th. Bank of America upgraded Check Point Software Technologies from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $230.00 to $260.00 in a research note on Thursday, March 27th. Royal Bank of Canada reissued a “sector perform” rating and issued a $215.00 price target on shares of Check Point Software Technologies in a report on Thursday, February 27th. Finally, Compass Point set a $260.00 target price on Check Point Software Technologies in a research note on Thursday, March 27th. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $232.04.

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.