Benjamin Edwards Inc. Has $835,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Benjamin Edwards Inc. increased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,463 shares of the technology company’s stock after purchasing an additional 200 shares during the period. Benjamin Edwards Inc.’s holdings in Check Point Software Technologies were worth $835,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CHKP. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $25,000. Bruce G. Allen Investments LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $30,000. CNB Bank acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $27,000. Salem Investment Counselors Inc. raised its holdings in shares of Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after purchasing an additional 237 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $49,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

CHKP has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on 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. Royal Bank of Canada raised their price target on Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a report on Wednesday, February 7th. UBS Group upped their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, Citigroup increased their price target on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, January 10th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Trading Up 1.2 %

CHKP stock traded up $1.73 during mid-day trading on Friday, hitting $151.20. The stock had a trading volume of 523,708 shares, compared to its average volume of 726,706. The firm has a fifty day simple moving average of $160.69 and a 200 day simple moving average of $153.30. The firm has a market capitalization of $18.26 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.42 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52 week low of $118.21 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate 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 during the quarter, compared to the consensus estimate of $595.28 million. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal 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.