Claro Advisors LLC Invests $260,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Claro Advisors LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,391 shares of the technology company’s stock, valued at approximately $260,000.

Several other hedge funds have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Check Point Software Technologies by 73.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after acquiring an additional 464,821 shares during the last quarter. Marshall Wace LLP acquired a new stake in Check Point Software Technologies in the second quarter valued at $47,244,000. World Investment Advisors LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at $51,922,000. FMR LLC lifted its holdings in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after buying an additional 252,581 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 10.7% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after buying an additional 177,104 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 0.1 %

NASDAQ CHKP opened at $183.40 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70. The business has a 50 day moving average price of $183.36 and a 200-day moving average price of $185.45. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 25.05, a P/E/G ratio of 3.21 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. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the business posted $1.80 EPS. Check Point Software Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CHKP. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Wedbush boosted their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Stifel Nicolaus increased their price objective on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Cantor Fitzgerald assumed coverage on shares of Check Point Software Technologies in a report on Thursday, January 9th. They issued a “neutral” rating and a $200.00 target price on the stock. Finally, Robert W. Baird decreased their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Sixteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $202.95.

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.