Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Acquired by Carrera Capital Advisors

Carrera Capital Advisors boosted its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,590 shares of the technology company’s stock after purchasing an additional 1,908 shares during the period. Check Point Software Technologies comprises 0.7% of Carrera Capital Advisors’ investment portfolio, making the stock its 23rd biggest position. Carrera Capital Advisors’ holdings in Check Point Software Technologies were worth $2,813,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Check Point Software Technologies in the second quarter valued at $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at about $33,000. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the 3rd quarter valued at about $37,000. Arrow Financial Corp raised its position in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the third quarter valued at about $60,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Scotiabank boosted their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Robert W. Baird reduced their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Barclays dropped their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 29th. Finally, Mizuho upped their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $197.74.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded down $2.62 during midday trading on Tuesday, reaching $175.64. The stock had a trading volume of 154,819 shares, compared to its average volume of 695,251. The stock’s 50-day simple moving average is $192.52 and its 200 day simple moving average is $175.67. Check Point Software Technologies Ltd. has a twelve month low of $139.55 and a twelve month high of $210.70. The stock has a market capitalization of $19.32 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 3.00 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. Equities analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal 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.