HF Advisory Group LLC Raises Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

HF Advisory Group LLC grew its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 26.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,664 shares of the technology company’s stock after acquiring an additional 1,603 shares during the period. HF Advisory Group LLC’s holdings in Check Point Software Technologies were worth $1,431,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $239,000. Merit Financial Group LLC boosted its stake in 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 during the fourth quarter worth about $250,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Check Point Software Technologies by 45.3% in 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 purchasing an additional 1,814 shares during the period. Finally, Heritage Family Offices LLP raised its position in Check Point Software Technologies by 8.5% during the 4th quarter. Heritage Family Offices LLP now owns 5,297 shares of the technology company’s stock worth $989,000 after buying an additional 413 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $187.87 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $145.75 and a 52-week high of $210.70. The business has a 50 day simple moving average of $183.98 and a 200 day simple moving average of $185.73. The stock has a market cap of $20.66 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.86 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the business posted $1.80 earnings per share. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Citigroup increased their price objective on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday. Cantor Fitzgerald assumed coverage on shares of Check Point Software Technologies in a research note on Thursday, January 9th. They issued a “neutral” rating and a $200.00 target price for the company. Stifel Nicolaus upped their price objective on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Finally, Robert W. Baird reduced their target price on 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. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $202.33.

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.