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

Claro Advisors LLC purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,391 shares of the technology company's stock, valued at approximately $260,000.

Several other large investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. boosted its stake in Check Point Software Technologies by 10.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company's stock valued at $354,153,000 after acquiring 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 valued at $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 grew its stake 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 buying an additional 464,821 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Check Point Software Technologies by 3.4% in the second quarter. Envestnet Asset Management Inc. now owns 415,097 shares of the technology company's stock worth $68,491,000 after buying an additional 13,707 shares during the period. Finally, Sei Investments Co. lifted its stake in Check Point Software Technologies by 14.9% in the second quarter. Sei Investments Co. now owns 394,496 shares of the technology company's stock valued at $65,092,000 after buying an additional 51,073 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Up 1.8 %

Shares of Check Point Software Technologies stock traded up $3.37 on Thursday, reaching $186.77. 659,770 shares of the company were exchanged, compared to its average volume of 734,057. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The firm has a market capitalization of $20.54 billion, a price-to-earnings ratio of 25.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. The stock has a fifty day moving average price of $183.55 and a 200-day moving average price of $185.44.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $634.96 million. During the same quarter in the previous year, the company earned $1.80 EPS. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CHKP. Stifel Nicolaus upped their price target on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a "hold" rating in a research report on Wednesday, December 18th. Robert W. Baird decreased their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Mizuho raised their target price on 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. Finally, Jefferies Financial Group boosted their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Sixteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average 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.