FMA Wealth Management LLC Invests $299,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

FMA Wealth Management LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) during the fourth quarter, Holdings Channel reports. The fund acquired 1,960 shares of the technology company’s stock, valued at approximately $299,000.

Several other hedge funds also recently added to or reduced their stakes in CHKP. Bruce G. Allen Investments LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter worth approximately $30,000. Salem Investment Counselors Inc. boosted its position in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after buying an additional 237 shares during the period. Operose Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at $55,000. Y.D. More Investments Ltd raised its holdings in shares of Check Point Software Technologies by 37.0% in the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after buying an additional 135 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth about $92,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Trading Up 0.6 %

Shares of NASDAQ CHKP traded up $0.92 during mid-day trading on Friday, reaching $154.42. The company had a trading volume of 450,867 shares, compared to its average volume of 710,462. The firm has a 50 day simple moving average of $157.98 and a two-hundred day simple moving average of $155.10. Check Point Software Technologies Ltd. has a 52-week low of $121.85 and a 52-week high of $168.82. The stock has a market cap of $17.44 billion, a P/E ratio of 21.32, a PEG ratio of 2.42 and a beta of 0.64.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. KeyCorp raised Check Point Software Technologies to a “hold” rating in a research report on Tuesday, May 14th. William Blair upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Wells Fargo & Company boosted their price target on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Scotiabank increased their price objective on Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Wednesday, February 7th. Finally, Truist Financial boosted their target price 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. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $169.18.

Get Our Latest Stock Analysis on CHKP

Check Point Software Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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