Cypress Wealth Services LLC Makes New Investment in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cypress Wealth Services LLC acquired a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,337 shares of the technology company's stock, valued at approximately $250,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. increased its holdings 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 buying an additional 177,104 shares in the last quarter. FMR LLC raised its holdings in Check Point Software Technologies by 28.7% in 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 third 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 in the last quarter. Sei Investments Co. grew its holdings 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 purchasing an additional 51,073 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Check Point Software Technologies by 8.9% in the third quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company's stock valued at $57,563,000 after purchasing an additional 24,421 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 0.6 %

Check Point Software Technologies stock opened at $187.87 on Friday. The stock has a market cap of $20.66 billion, a P/E ratio of 25.67, a PEG ratio of 2.86 and a beta of 0.63. The company has a 50-day moving average price of $183.98 and a 200 day moving average price of $185.61. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released 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. The firm had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.80 EPS. As a group, analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CHKP. The Goldman Sachs Group lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and increased their target price for the company from $204.00 to $207.00 in a research report on Thursday, January 2nd. Citigroup increased their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Friday. Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a "hold" rating in a research report on Wednesday, December 18th. Wedbush upped their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 9th. Finally, Robert W. Baird lowered their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Check Point Software Technologies currently has an average rating of "Hold" and an average price target of $202.33.

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.