Steigerwald Gordon & Koch Inc. Increases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Steigerwald Gordon & Koch Inc. lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,585 shares of the technology company’s stock after purchasing an additional 1,359 shares during the period. Check Point Software Technologies accounts for about 2.6% of Steigerwald Gordon & Koch Inc.’s holdings, making the stock its 13th biggest position. Steigerwald Gordon & Koch Inc. owned approximately 0.11% of Check Point Software Technologies worth $23,260,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HF Advisory Group LLC lifted its holdings in 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 acquiring an additional 1,603 shares during the period. Integrated Investment Consultants LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at $239,000. Merit Financial Group LLC raised its stake in shares of Check Point Software Technologies by 4.2% during the 4th quarter. Merit Financial Group LLC now owns 16,079 shares of the technology company’s stock worth $3,002,000 after purchasing an additional 645 shares during the period. Cypress Wealth Services LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter worth about $250,000. Finally, Hennion & Walsh Asset Management Inc. grew its position in Check Point Software Technologies by 45.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,822 shares of the technology company’s stock valued at $1,087,000 after buying an additional 1,814 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Up 0.6 %

Shares of NASDAQ CHKP opened at $187.87 on Friday. The stock’s 50-day simple moving average is $183.98 and its two-hundred day simple moving average is $185.73. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $210.70. The firm has a market capitalization of $20.66 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.86 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on shares of 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. The Goldman Sachs Group downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Barclays dropped 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 report on Tuesday, October 29th. Finally, Citigroup lifted their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday. Seventeen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $202.33.

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.