Miracle Mile Advisors LLC Invests $396,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Miracle Mile Advisors LLC bought a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, Holdings Channel reports. The firm bought 2,415 shares of the technology company’s stock, valued at approximately $396,000.

Several other institutional investors have also recently bought and sold shares of CHKP. BSW Wealth Partners boosted its position in Check Point Software Technologies by 3.7% in the fourth 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 in the last quarter. Guardian Wealth Management Inc. grew its position in Check Point Software Technologies by 0.5% during the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock worth $2,847,000 after acquiring an additional 85 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Check Point Software Technologies by 6.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after purchasing an additional 89 shares in the last quarter. Butensky & Cohen Financial Security Inc. raised its position in Check Point Software Technologies by 0.4% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock valued at $4,342,000 after purchasing an additional 102 shares during the last quarter. Finally, Brookstone Capital Management raised its position in Check Point Software Technologies by 1.7% in the 4th quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock valued at $943,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. Wedbush reiterated an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research report on Friday, April 26th. Mizuho reissued a “neutral” rating and issued a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. KeyCorp raised Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Finally, Barclays increased their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $169.18.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $165.00 on Tuesday. The firm has a fifty day moving average of $154.15 and a 200-day moving average of $157.44. The firm has a market capitalization of $18.63 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.60 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $122.86 and a 12-month high of $168.82.

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, hitting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Research analysts expect 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.