M3 Advisory Group LLC Invests $233,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

M3 Advisory Group LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,249 shares of the technology company’s stock, valued at approximately $233,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC bought a new stake in shares of Check Point Software Technologies during the third quarter worth approximately $27,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $33,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 3rd quarter valued at $37,000. Finally, Exchange Traded Concepts LLC grew its holdings in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and boosted their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Evercore ISI boosted their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Eighteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and an average price target of $203.05.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $194.48 on Friday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The stock has a market cap of $21.39 billion, a PE ratio of 26.57, a PEG ratio of 3.05 and a beta of 0.63. The firm’s fifty day moving average price is $185.60 and its two-hundred day moving average price is $186.45.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the prior year, the firm earned $1.80 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 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.