Good Life Advisors LLC Invests $310,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Good Life Advisors LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,610 shares of the technology company’s stock, valued at approximately $310,000.

Several other large investors have also recently made changes to their positions in the stock. Heritage Family Offices LLP raised its position in shares of Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after acquiring an additional 77 shares in the last quarter. Regatta Capital Group LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at about $226,000. Creative Planning grew its stake in Check Point Software Technologies by 14.4% during the 3rd quarter. Creative Planning now owns 21,184 shares of the technology company’s stock valued at $4,084,000 after purchasing an additional 2,674 shares during the last quarter. CX Institutional purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at about $190,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at about $33,000. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $206.23 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $210.70. The stock has a market cap of $23.29 billion, a PE ratio of 28.64, a P/E/G ratio of 3.17 and a beta of 0.62. The stock’s fifty day moving average is $193.07 and its two-hundred day moving average is $172.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CHKP shares. Robert W. Baird upped their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Jefferies Financial Group increased their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada increased their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft increased their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Finally, Truist Financial restated a “buy” rating and set a $200.00 price target (up from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Fifteen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and a consensus price target of $190.89.

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.