1,443 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Purchased by West Family Investments Inc.

West Family Investments Inc. acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, HoldingsChannel reports. The fund acquired 1,443 shares of the technology company’s stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CHKP. Ariel Investments LLC grew its holdings in Check Point Software Technologies by 121.2% in the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after purchasing an additional 593,623 shares during the period. Morningstar Investment Services LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $65,522,000. LSV Asset Management boosted its holdings in Check Point Software Technologies by 1,535.7% in the 3rd quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock worth $55,156,000 after buying an additional 388,535 shares during the last quarter. Boston Trust Walden Corp increased its stake in Check Point Software Technologies by 248.8% during the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after buying an additional 218,403 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Check Point Software Technologies by 107.2% during the third quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock valued at $48,244,000 after acquiring an additional 187,314 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of research analyst reports. Truist Financial lifted their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Mizuho reissued a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Friday, April 26th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Friday, April 26th. Finally, Stifel Nicolaus reduced their target price on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.18.

Check Point Software Technologies Trading Up 1.2 %

Shares of NASDAQ:CHKP traded up $1.73 during trading on Friday, hitting $151.20. 523,708 shares of the company’s stock traded hands, compared to its average volume of 726,706. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.42 and a beta of 0.64. The company has a 50-day moving average price of $160.69 and a 200-day moving average price of $153.30. Check Point Software Technologies Ltd. has a 52 week low of $118.21 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The firm had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.79 earnings per share 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.