Vestmark Advisory Solutions Inc. Buys Shares of 1,494 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vestmark Advisory Solutions Inc. purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,494 shares of the technology company’s stock, valued at approximately $228,000.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the 3rd quarter worth approximately $25,000. CNB Bank acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $27,000. Bruce G. Allen Investments LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at $30,000. Salem Investment Counselors Inc. boosted its holdings in Check Point Software Technologies by 483.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after purchasing an additional 237 shares during the period. Finally, Y.D. More Investments Ltd acquired a new position in Check Point Software Technologies during the 3rd quarter worth $49,000. 87.62% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHKP has been the subject of several recent research reports. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. TD Cowen lifted their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. UBS Group increased their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the company a “neutral” rating in a research report on Wednesday, January 10th. Wedbush reaffirmed an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a research report on Friday, April 26th. Finally, Mizuho reissued a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Twelve equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $154.74 on Wednesday. Check Point Software Technologies Ltd. has a 1-year low of $118.21 and a 1-year high of $168.82. The stock has a market cap of $18.69 billion, a P/E ratio of 21.49, a P/E/G ratio of 2.46 and a beta of 0.64. The firm has a fifty day moving average price of $160.24 and a 200 day moving average price of $153.91.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. Sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.79 EPS 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.