SteelPeak Wealth LLC Purchases Shares of 1,533 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

SteelPeak Wealth LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,533 shares of the technology company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BSW Wealth Partners increased its holdings in Check Point Software Technologies by 3.7% in the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after buying an additional 78 shares during the period. Guardian Wealth Management Inc. increased its stake in Check Point Software Technologies by 0.5% in the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after acquiring an additional 85 shares during the period. Pacer Advisors Inc. increased its stake in Check Point Software Technologies by 6.9% in the fourth quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after acquiring an additional 89 shares during the period. Butensky & Cohen Financial Security Inc. raised its position in Check Point Software Technologies by 0.4% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock worth $4,342,000 after purchasing an additional 102 shares in the last quarter. Finally, Brookstone Capital Management lifted its stake in Check Point Software Technologies by 1.7% during the fourth quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock worth $943,000 after purchasing an additional 103 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CHKP shares. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Friday, April 26th. TD Cowen increased their target price on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Mizuho restated a “neutral” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Stifel Nicolaus decreased their price objective on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, Wedbush reiterated an “outperform” rating and issued a $185.00 target price on shares of Check Point Software Technologies in a research note on Friday, April 26th. Thirteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $169.18.

Check Point Software Technologies Trading Up 1.4 %

NASDAQ:CHKP opened at $165.00 on Monday. Check Point Software Technologies Ltd. has a 1-year low of $122.86 and a 1-year high of $168.82. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 2.60 and a beta of 0.62. The business’s 50-day moving average price is $154.15 and its two-hundred day moving average price is $157.44.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The business had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.79 earnings per share 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.