Larson Financial Group LLC Has $527,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Larson Financial Group LLC grew its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1,625.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,450 shares of the technology company’s stock after acquiring an additional 3,250 shares during the quarter. Larson Financial Group LLC’s holdings in Check Point Software Technologies were worth $527,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CHKP. BSW Wealth Partners boosted its position in shares of Check Point Software Technologies by 3.7% during the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after buying an additional 78 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Check Point Software Technologies by 3.6% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,559 shares of the technology company’s stock worth $341,000 after acquiring an additional 89 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Check Point Software Technologies by 6.9% in the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock worth $211,000 after acquiring an additional 89 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in shares of Check Point Software Technologies by 2.1% in the third quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company’s stock valued at $683,000 after purchasing an additional 103 shares during the last quarter. Finally, Brookstone Capital Management lifted its position in shares of Check Point Software Technologies by 1.7% during the fourth quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock valued at $943,000 after purchasing an additional 103 shares in the last quarter. 87.62% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wedbush reiterated an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. Royal Bank of Canada lifted their price target on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Citigroup upped their price objective on Check Point Software Technologies from $140.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. UBS Group lifted their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Finally, BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $160.16.

Check Point Software Technologies Stock Up 1.3 %

CHKP stock opened at $160.80 on Wednesday. The stock has a 50-day simple moving average of $161.95 and a two-hundred day simple moving average of $152.72. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The firm has a market capitalization of $19.42 billion, a PE ratio of 22.58, a PEG ratio of 2.57 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating the consensus estimate of $2.47 by $0.10. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company had revenue of $663.50 million during the quarter, compared to analysts’ expectations of $662.09 million. During the same quarter in the previous year, the company earned $2.23 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 EPS for the current fiscal year.

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.