Oppenheimer Asset Management Inc. Acquires New Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oppenheimer Asset Management Inc. purchased a new stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,016 shares of the technology company's stock, valued at approximately $774,000.

Other large investors also recently modified their holdings of the company. Bleakley Financial Group LLC boosted its position in Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company's stock worth $346,000 after acquiring an additional 57 shares during the period. Brighton Jones LLC raised its stake in shares of Check Point Software Technologies by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company's stock valued at $258,000 after acquiring an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Check Point Software Technologies by 1.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company's stock valued at $1,042,000 after acquiring an additional 66 shares in the last quarter. HF Advisory Group LLC increased its position in Check Point Software Technologies by 1.2% in the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company's stock worth $1,169,000 after buying an additional 73 shares during the period. Finally, Heritage Family Offices LLP increased its position in Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company's stock worth $942,000 after buying an additional 77 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 0.6 %

Shares of CHKP traded up $1.03 during midday trading on Tuesday, hitting $174.56. The company's stock had a trading volume of 428,143 shares, compared to its average volume of 695,787. Check Point Software Technologies Ltd. has a one year low of $141.94 and a one year high of $210.70. The company's fifty day simple moving average is $191.22 and its two-hundred day simple moving average is $176.59. The stock has a market capitalization of $19.20 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) 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 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 company posted $1.80 EPS. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, research analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research reports. Evercore ISI boosted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Bank of America lowered Check Point Software Technologies from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Susquehanna upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a "positive" rating in a research note on Thursday, July 25th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of "Hold" and an average target price of $197.74.

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.