Beaumont Financial Advisors LLC Takes Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Beaumont Financial Advisors LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,435 shares of the technology company’s stock, valued at approximately $268,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its position in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the period. FMR LLC boosted its position in Check Point Software Technologies by 28.7% during the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after purchasing an additional 464,821 shares during the period. New York State Common Retirement Fund boosted its position in Check Point Software Technologies by 8.9% in the 3rd quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock valued at $57,563,000 after buying an additional 24,421 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Check Point Software Technologies in the 2nd quarter valued at about $47,244,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Mizuho upped their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Truist Financial upped their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Seventeen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $203.05.

Check Point Software Technologies Stock Up 1.1 %

CHKP opened at $196.38 on Friday. The firm has a market cap of $21.60 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The company’s 50-day moving average price is $184.82 and its 200 day moving average price is $186.21.

Check Point Software Technologies (NASDAQ:CHKP) last announced 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 company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the business earned $1.80 earnings per share. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. Research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current 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.