Janney Montgomery Scott LLC Grows Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Janney Montgomery Scott LLC grew its position in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 0.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,417 shares of the technology company’s stock after acquiring an additional 110 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Check Point Software Technologies were worth $4,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CHKP. Dimensional Fund Advisors LP purchased a new stake in Check Point Software Technologies during the second quarter valued at $2,079,000. Millennium Management LLC increased its holdings in shares of Check Point Software Technologies by 20.6% in the 2nd quarter. Millennium Management LLC now owns 44,101 shares of the technology company’s stock worth $7,277,000 after buying an additional 7,523 shares during the last quarter. Creative Planning raised its position in shares of Check Point Software Technologies by 12.9% during the 2nd quarter. Creative Planning now owns 18,510 shares of the technology company’s stock valued at $3,054,000 after buying an additional 2,122 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in shares of Check Point Software Technologies by 145.8% in the 2nd quarter. NewEdge Advisors LLC now owns 12,832 shares of the technology company’s stock valued at $2,117,000 after acquiring an additional 7,611 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Check Point Software Technologies in the 2nd quarter valued at about $250,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHKP shares. Piper Sandler boosted their price objective on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Truist Financial increased their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $206.60.

View Our Latest Stock Analysis on CHKP

Check Point Software Technologies Trading Up 7.4 %

Shares of CHKP stock opened at $218.99 on Friday. The stock has a market capitalization of $24.09 billion, a price-to-earnings ratio of 29.92, a P/E/G ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $226.03. The stock has a fifty day simple moving average of $187.20 and a two-hundred day simple moving average of $187.22.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the prior year, the business earned $1.80 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

About Check Point Software Technologies

(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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