2,000 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Bought by American National Bank

American National Bank bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 2,000 shares of the technology company’s stock, valued at approximately $328,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHKP. Bruce G. Allen Investments LLC bought a new position in Check Point Software Technologies during the fourth quarter worth $30,000. Richardson Financial Services Inc. bought a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $33,000. Salem Investment Counselors Inc. boosted its position in shares of 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 valued at $44,000 after acquiring an additional 237 shares during the period. Operose Advisors LLC bought a new stake in shares of Check Point Software Technologies in the third quarter valued at about $55,000. Finally, Y.D. More Investments Ltd boosted its position in shares of 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 valued at $76,000 after acquiring an additional 135 shares during the period. 87.62% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. KeyCorp raised Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Wedbush reaffirmed an “outperform” rating and issued a $185.00 price objective on shares of Check Point Software Technologies in a research note on Friday, April 26th. Barclays upped their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the company 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 note on Friday, April 26th. Finally, Stifel Nicolaus lowered their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $169.18.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $158.85 on Friday. The stock has a market capitalization of $17.94 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.50 and a beta of 0.61. Check Point Software Technologies Ltd. has a 52-week low of $122.86 and a 52-week high of $168.82. The stock’s 50 day moving average price is $154.01 and its two-hundred day moving average price is $156.85.

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, hitting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million for the quarter, compared to analysts’ expectations 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, equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 EPS for the current 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.