Hennion & Walsh Asset Management Inc. Grows Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hennion & Walsh Asset Management Inc. raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 45.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,822 shares of the technology company’s stock after acquiring an additional 1,814 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Check Point Software Technologies were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Check Point Software Technologies by 11.9% in the second quarter. American Century Companies Inc. now owns 18,110 shares of the technology company’s stock valued at $2,988,000 after acquiring an additional 1,920 shares in the last quarter. Dimensional Fund Advisors LP purchased a new position in Check Point Software Technologies in the 2nd quarter valued at about $2,079,000. AE Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies during the second quarter worth about $327,000. Sei Investments Co. raised its position in shares of Check Point Software Technologies by 14.9% in the second quarter. Sei Investments Co. now owns 394,496 shares of the technology company’s stock valued at $65,092,000 after buying an additional 51,073 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Check Point Software Technologies by 89.7% during the second quarter. Thrivent Financial for Lutherans now owns 110,627 shares of the technology company’s stock valued at $18,253,000 after buying an additional 52,300 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CHKP shares. Stifel Nicolaus increased their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Barclays decreased their target price 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. Finally, Jefferies Financial Group upped their price target on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $202.33.

Check Point Software Technologies Trading Up 0.6 %

Shares of CHKP stock opened at $187.87 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $210.70. The company has a market capitalization of $20.66 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. The firm has a fifty day simple moving average of $183.98 and a 200-day simple moving average of $185.85.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting 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 company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period last year, the firm earned $1.80 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS 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.