Diversify Wealth Management LLC Buys Shares of 4,000 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Diversify Wealth Management LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,000 shares of the technology company’s stock, valued at approximately $728,000.

A number of other large investors have also modified their holdings of CHKP. FSA Wealth Management LLC bought a new position in Check Point Software Technologies in the 3rd quarter worth about $27,000. GAMMA Investing LLC increased its position in Check Point Software Technologies by 53.1% in the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after acquiring an additional 60 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies during the 3rd quarter valued at $33,000. Concord Wealth Partners acquired a new position in Check Point Software Technologies during the 3rd quarter worth $37,000. Finally, Arrow Financial Corp increased its holdings in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of recent analyst reports. Evercore ISI increased their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased 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 report on Monday, October 28th. BMO Capital Markets boosted their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Citigroup increased their price target on Check Point Software Technologies from $185.00 to $190.00 and gave the company a “neutral” rating in a research note on Friday, January 17th. Finally, Stifel Nicolaus boosted their price objective on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Seventeen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $203.05.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $192.96 on Wednesday. The company has a market capitalization of $21.22 billion, a PE ratio of 26.36, a PEG ratio of 2.95 and a beta of 0.63. The company’s 50 day moving average price is $184.17 and its 200 day moving average price is $185.99. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting 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 business had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the previous year, the company posted $1.80 EPS. Check Point Software Technologies’s revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Check Point Software Technologies 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.