Diversify Advisory Services LLC Acquires New Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Diversify Advisory Services LLC bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,102 shares of the technology company’s stock, valued at approximately $201,000.

Other institutional investors have also modified their holdings of the company. Diversify Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at $728,000. Steigerwald Gordon & Koch Inc. grew its position in shares of Check Point Software Technologies by 1.1% during the fourth quarter. Steigerwald Gordon & Koch Inc. now owns 124,585 shares of the technology company’s stock worth $23,260,000 after buying an additional 1,359 shares in the last quarter. HF Advisory Group LLC grew its position in shares of Check Point Software Technologies by 26.4% during the fourth quarter. HF Advisory Group LLC now owns 7,664 shares of the technology company’s stock worth $1,431,000 after buying an additional 1,603 shares in the last quarter. Integrated Investment Consultants LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $239,000. Finally, Merit Financial Group LLC lifted its stake in Check Point Software Technologies by 4.2% in the fourth quarter. Merit Financial Group LLC now owns 16,079 shares of the technology company’s stock worth $3,002,000 after acquiring an additional 645 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP stock opened at $196.38 on Friday. The stock has a market capitalization of $21.60 billion, a PE ratio of 26.83, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. The company has a fifty day moving average of $184.82 and a 200-day moving average of $186.21. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 EPS. Equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CHKP shares. Mizuho raised their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. BMO Capital Markets lifted their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Truist Financial increased their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Check Point Software Technologies presently has an average rating of “Hold” and an average price target of $203.05.

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.