TRUE Private Wealth Advisors Has $456,000 Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TRUE Private Wealth Advisors lifted its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,987 shares of the technology company’s stock after buying an additional 758 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Check Point Software Technologies were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of CHKP. Concord Wealth Partners bought a new position in Check Point Software Technologies in the third quarter worth approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in Check Point Software Technologies during the fourth quarter worth $30,000. CNB Bank acquired a new position in shares of Check Point Software Technologies during the third quarter valued at about $27,000. Resurgent Financial Advisors LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $28,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after acquiring an additional 237 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 10th. Wells Fargo & Company raised their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. UBS Group upped their target price on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Susquehanna boosted their price target on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, February 7th. Finally, Scotiabank increased their price objective on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.16.

Check Point Software Technologies Stock Up 0.8 %

NASDAQ CHKP opened at $158.09 on Thursday. The firm has a market cap of $19.09 billion, a P/E ratio of 22.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.61. The company’s 50 day moving average is $162.32 and its 200-day moving average is $151.90. Check Point Software Technologies Ltd. has a 12-month low of $117.18 and a 12-month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.23 EPS. Equities analysts expect that Check Point Software Technologies Ltd. will post 7.85 EPS for the current 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.