Y.D. More Investments Ltd Buys 135 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Y.D. More Investments Ltd increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 37.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 500 shares of the technology company’s stock after acquiring an additional 135 shares during the quarter. Y.D. More Investments Ltd’s holdings in Check Point Software Technologies were worth $76,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CHKP. Victory Capital Management Inc. boosted its stake in Check Point Software Technologies by 7.7% in the fourth quarter. Victory Capital Management Inc. now owns 68,242 shares of the technology company’s stock valued at $10,427,000 after acquiring an additional 4,865 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth $312,000. Gitterman Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth $221,000. Unique Wealth Strategies LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth $1,005,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Check Point Software Technologies by 3.8% during the fourth quarter. Russell Investments Group Ltd. now owns 216,363 shares of the technology company’s stock worth $33,046,000 after acquiring an additional 7,827 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of CHKP stock opened at $148.97 on Thursday. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.43 and a beta of 0.64. The company has a 50-day simple moving average of $160.83 and a 200 day simple moving average of $153.33. Check Point Software Technologies Ltd. has a 52 week low of $117.18 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Thursday, April 25th. The technology company reported $1.72 EPS 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 forecast that Check Point Software Technologies Ltd. will post 7.79 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on CHKP shares. Wedbush restated an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Friday, April 26th. Susquehanna raised their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, February 7th. UBS Group raised their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Stifel Nicolaus dropped their price objective on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Friday, April 26th. Finally, William Blair upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $164.00.

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.