Strategic Investment Advisors MI Grows Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Strategic Investment Advisors MI lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,263 shares of the technology company’s stock after purchasing an additional 60 shares during the quarter. Strategic Investment Advisors MI’s holdings in Check Point Software Technologies were worth $423,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Regatta Capital Group LLC boosted its stake in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after buying an additional 57 shares in the last quarter. M3 Advisory Group LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at $233,000. Exchange Traded Concepts LLC grew its holdings in shares of Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares during the last quarter. Avior Wealth Management LLC raised its position in Check Point Software Technologies by 83.1% in the 4th quarter. Avior Wealth Management LLC now owns 705 shares of the technology company’s stock worth $132,000 after purchasing an additional 320 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Check Point Software Technologies by 0.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 22,417 shares of the technology company’s stock worth $4,185,000 after purchasing an additional 110 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday. Barclays decreased their price target on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Evercore ISI increased their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Finally, Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $205.00 to $195.00 in a report on Wednesday, October 30th. Eighteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $203.05.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $198.20 on Tuesday. The company has a 50 day simple moving average of $185.60 and a two-hundred day simple moving average of $186.68. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The company has a market capitalization of $21.80 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the company posted $1.80 earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Check Point Software Technologies Company 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.