Claro Advisors LLC Invests $260,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Claro Advisors LLC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,391 shares of the technology company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Bleakley Financial Group LLC raised its holdings in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after purchasing an additional 57 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Brighton Jones LLC boosted its holdings in Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after purchasing an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Check Point Software Technologies by 1.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after buying an additional 66 shares during the last quarter. Finally, HF Advisory Group LLC increased its stake in Check Point Software Technologies by 1.2% in the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock valued at $1,169,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.1 %

Shares of NASDAQ CHKP opened at $183.40 on Thursday. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $210.70. The stock has a 50-day moving average price of $183.36 and a two-hundred day moving average price of $185.45.

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 (EPS) for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the prior year, the company earned $1.80 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analysts Set New Price Targets

CHKP has been the topic of a number of recent research reports. Cantor Fitzgerald assumed coverage on Check Point Software Technologies in a research report on Thursday, January 9th. They issued a “neutral” rating and a $200.00 target price on the stock. Barclays reduced their target price on shares of 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. Wedbush raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Finally, Evercore ISI raised their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $202.95.

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.