Strategic Investment Advisors MI Has $423,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Strategic Investment Advisors MI lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,263 shares of the technology company’s stock after buying an additional 60 shares during the quarter. Strategic Investment Advisors MI’s holdings in Check Point Software Technologies were worth $423,000 as of its most recent SEC filing.

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

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $198.20 on Tuesday. The company has a market capitalization of $21.80 billion, a PE ratio of 27.08, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $210.70. The business’s fifty day moving average is $185.60 and its 200 day moving average is $186.68.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHKP. Barclays dropped their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Evercore ISI increased their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Citigroup lifted their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Mizuho increased their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Finally, Piper Sandler raised their price target on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average target price of $203.05.

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.