CWA Asset Management Group LLC Has $2.08 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CWA Asset Management Group LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,120 shares of the technology company's stock after acquiring an additional 2,828 shares during the period. CWA Asset Management Group LLC's holdings in Check Point Software Technologies were worth $2,076,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CHKP. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after purchasing an additional 60 shares during the period. DGS Capital Management LLC lifted its stake in Check Point Software Technologies by 0.7% in the third quarter. DGS Capital Management LLC now owns 11,809 shares of the technology company's stock valued at $2,277,000 after buying an additional 87 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Check Point Software Technologies by 7.0% during the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company's stock worth $34,665,000 after acquiring an additional 10,861 shares during the last quarter. Peapack Gladstone Financial Corp increased its holdings in shares of Check Point Software Technologies by 0.8% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company's stock worth $21,463,000 after acquiring an additional 872 shares during the period. Finally, Tidal Investments LLC lifted its position in Check Point Software Technologies by 3.1% in the 3rd quarter. Tidal Investments LLC now owns 40,686 shares of the technology company's stock valued at $7,845,000 after purchasing an additional 1,224 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the topic of several analyst reports. Robert W. Baird dropped their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. Wedbush lifted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an "outperform" rating in a research note on Wednesday, October 9th. BMO Capital Markets increased their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a "market perform" rating in a research note on Friday, October 25th. Royal Bank of Canada restated a "sector perform" rating and set a $187.00 price objective on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Seventeen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $199.24.

Check Point Software Technologies Trading Up 0.9 %

NASDAQ:CHKP traded up $1.60 during trading hours on Tuesday, hitting $181.48. 997,617 shares of the stock traded hands, compared to its average volume of 842,129. The firm has a 50 day moving average price of $182.18 and a 200 day moving average price of $184.46. The firm has a market cap of $19.96 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 3.21 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.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period in the previous year, the firm earned $1.80 earnings per share. Check Point Software Technologies's quarterly revenue was up 6.5% on a year-over-year basis. Research analysts predict that Check Point Software Technologies Ltd. will post 7.87 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.