Cypress Wealth Services LLC Takes $250,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cypress Wealth Services LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,337 shares of the technology company’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. raised its position in Check Point Software Technologies by 45.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 5,822 shares of the technology company’s stock valued at $1,087,000 after buying an additional 1,814 shares during the last quarter. Heritage Family Offices LLP grew its stake in shares of Check Point Software Technologies by 8.5% during the 4th quarter. Heritage Family Offices LLP now owns 5,297 shares of the technology company’s stock worth $989,000 after acquiring an additional 413 shares in the last quarter. Meyer Handelman Co. raised its holdings in shares of Check Point Software Technologies by 3.5% in the fourth quarter. Meyer Handelman Co. now owns 41,389 shares of the technology company’s stock valued at $7,727,000 after purchasing an additional 1,398 shares during the last quarter. Richard P Slaughter Associates Inc lifted its position in shares of Check Point Software Technologies by 1.0% in the fourth quarter. Richard P Slaughter Associates Inc now owns 16,074 shares of the technology company’s stock worth $3,001,000 after purchasing an additional 167 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its holdings in Check Point Software Technologies by 10.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,869 shares of the technology company’s stock worth $349,000 after purchasing an additional 181 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Cantor Fitzgerald initiated coverage on Check Point Software Technologies in a research report on Thursday, January 9th. They issued a “neutral” rating and a $200.00 target price on the stock. Citigroup increased their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research report on Friday. Truist Financial boosted their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $202.33.

Check Point Software Technologies Trading Up 0.6 %

Shares of NASDAQ CHKP opened at $187.87 on Friday. The business’s 50 day moving average is $183.98 and its 200-day moving average is $185.61. The firm has a market cap of $20.66 billion, a P/E ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter last year, the business earned $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current 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.