Goldman Sachs Group Inc. Purchases 25,947 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Goldman Sachs Group Inc. lifted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 409,794 shares of the technology company’s stock after acquiring an additional 25,947 shares during the quarter. Goldman Sachs Group Inc. owned 0.34% of Check Point Software Technologies worth $62,612,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bruce G. Allen Investments LLC bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $30,000. Salem Investment Counselors Inc. raised 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 worth $44,000 after purchasing an additional 237 shares in the last quarter. Operose Advisors LLC bought a new position in Check Point Software Technologies in the third quarter worth about $55,000. Y.D. More Investments Ltd raised its holdings in Check Point Software Technologies by 37.0% in the fourth quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after purchasing an additional 135 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in Check Point Software Technologies in the fourth quarter worth about $92,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Price Performance

CHKP stock opened at $159.12 on Wednesday. The firm has a market capitalization of $17.97 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.47 and a beta of 0.62. The business’s 50-day moving average is $154.27 and its two-hundred day moving average is $156.73. Check Point Software Technologies Ltd. has a 1 year low of $122.86 and a 1 year high of $168.82.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Barclays boosted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating in a report on Friday, April 26th. KeyCorp upgraded shares of Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Stifel Nicolaus reduced their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Wedbush restated an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies in a research note on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $169.18.

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.