1,249 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by M3 Advisory Group LLC

M3 Advisory Group LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,249 shares of the technology company’s stock, valued at approximately $233,000.

A number of other institutional investors have also recently bought and sold shares of the business. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth $27,000. GAMMA Investing LLC boosted its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $33,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at about $37,000. Finally, Exchange Traded Concepts LLC raised its position in shares of Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 1.0 %

Shares of Check Point Software Technologies stock opened at $194.48 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $210.70. The business’s 50 day moving average is $185.60 and its 200-day moving average is $186.45. The stock has a market cap of $21.39 billion, a P/E ratio of 26.57, a P/E/G ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.80 earnings per share. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on CHKP shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Wedbush raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Citigroup boosted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Eighteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $203.05.

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.