Security Financial Services INC. Invests $237,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Security Financial Services INC. acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,443 shares of the technology company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CHKP. Bruce G. Allen Investments LLC bought a new position in Check Point Software Technologies in the fourth quarter worth about $30,000. Richardson Financial Services Inc. purchased a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $33,000. Salem Investment Counselors Inc. boosted its stake 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 valued at $44,000 after acquiring an additional 237 shares in the last quarter. Operose Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter worth $55,000. Finally, Y.D. More Investments Ltd increased its position in shares of Check Point Software Technologies by 37.0% during 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. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 0.3 %

CHKP stock traded down $0.42 during mid-day trading on Monday, reaching $158.43. The company’s stock had a trading volume of 10,528 shares, compared to its average volume of 699,434. The stock has a market cap of $17.89 billion, a PE ratio of 22.06, a P/E/G ratio of 2.50 and a beta of 0.61. The company’s 50 day moving average is $154.01 and its two-hundred day moving average is $157.01. Check Point Software Technologies Ltd. has a fifty-two week low of $122.86 and a fifty-two week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last issued its 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. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The business had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. On average, analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho reaffirmed a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Barclays increased their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. TD Cowen boosted their target price on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Friday, April 26th. Finally, Stifel Nicolaus cut 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. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $169.18.

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.