Integrated Investment Consultants LLC Takes $239,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Integrated Investment Consultants LLC acquired a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,279 shares of the technology company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the third quarter worth about $27,000. GAMMA Investing LLC lifted its holdings in Check Point Software Technologies by 53.1% in 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 in the last quarter. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies in the 3rd quarter worth approximately $33,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at approximately $37,000. Finally, Arrow Financial Corp raised its position in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after buying an additional 100 shares during the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $187.87 on Friday. The firm has a market capitalization of $20.66 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.86 and a beta of 0.63. The stock’s 50-day simple moving average is $183.98 and its 200-day simple moving average is $185.73. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting 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 quarter in the previous year, the business earned $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on CHKP shares. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Citigroup lifted their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday. Evercore ISI increased their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Seventeen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $202.33.

About Check Point Software Technologies

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.