Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Boosted by Advisor Group Holdings Inc.

Posted by on Jun 3rd, 2023

Advisor Group Holdings Inc. raised its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 8.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,407 shares of the technology company’s stock after acquiring an additional 2,315 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Check Point Software Technologies were worth $3,962,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Seven Eight Capital LP acquired a new position in shares of Check Point Software Technologies during the third quarter worth approximately $499,000. Cadinha & Co. LLC grew its holdings in shares of Check Point Software Technologies by 6,981.7% during the fourth quarter. Cadinha & Co. LLC now owns 191,207 shares of the technology company’s stock worth $24,123,000 after purchasing an additional 188,507 shares during the last quarter. Kathmere Capital Management LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth $230,000. Lazard Asset Management LLC grew its holdings in shares of Check Point Software Technologies by 4.8% during the third quarter. Lazard Asset Management LLC now owns 237,492 shares of the technology company’s stock worth $26,602,000 after purchasing an additional 10,948 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Check Point Software Technologies by 106.4% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 38,633 shares of the technology company’s stock worth $4,874,000 after purchasing an additional 19,917 shares during the last quarter. Hedge funds and other institutional investors own 64.76% of the company’s stock.

Check Point Software Technologies Stock Down 0.1 %

Shares of CHKP opened at $124.03 on Friday. The business’s 50 day moving average price is $125.97 and its 200-day moving average price is $127.38. Check Point Software Technologies Ltd. has a 52 week low of $107.54 and a 52 week high of $135.93. The stock has a market cap of $14.98 billion, a P/E ratio of 18.94, a P/E/G ratio of 2.44 and a beta of 0.69.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last issued its quarterly earnings results on Monday, May 1st. The technology company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.31. Check Point Software Technologies had a return on equity of 28.35% and a net margin of 34.49%. The firm had revenue of $566.20 million for the quarter, compared to analysts’ expectations of $568.83 million. During the same period in the previous year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 6.97 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Mizuho decreased their price target on Check Point Software Technologies from $135.00 to $130.00 in a report on Tuesday, May 2nd. Royal Bank of Canada dropped their target price on Check Point Software Technologies from $135.00 to $132.00 in a research report on Tuesday, May 2nd. Citigroup dropped their target price on Check Point Software Technologies from $129.00 to $125.00 in a research report on Tuesday, May 2nd. Truist Financial boosted their price target on Check Point Software Technologies from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, February 14th. Finally, Credit Suisse Group decreased their target price on Check Point Software Technologies from $115.00 to $105.00 in a report on Tuesday, May 2nd. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $133.91.

About Check Point Software Technologies

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Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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