Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC boosted its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 40.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 11,890 shares of the technology company’s stock after acquiring an additional 3,450 shares during the quarter. AE Wealth Management LLC’s holdings in Check Point Software Technologies were worth $1,319,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its stake in Check Point Software Technologies by 1.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 6,368 shares of the technology company’s stock valued at $736,000 after acquiring an additional 100 shares during the period. Private Advisor Group LLC lifted its holdings in Check Point Software Technologies by 1.3% in the 2nd quarter. Private Advisor Group LLC now owns 8,210 shares of the technology company’s stock valued at $949,000 after purchasing an additional 102 shares in the last quarter. CAPROCK Group Inc. lifted its holdings in Check Point Software Technologies by 5.1% in the 3rd quarter. CAPROCK Group Inc. now owns 2,132 shares of the technology company’s stock valued at $233,000 after purchasing an additional 104 shares in the last quarter. Private Capital Group LLC lifted its holdings in Check Point Software Technologies by 81.1% in the 2nd quarter. Private Capital Group LLC now owns 288 shares of the technology company’s stock valued at $28,000 after purchasing an additional 129 shares in the last quarter. Finally, Aries Wealth Management lifted its holdings in Check Point Software Technologies by 8.4% in the 3rd quarter. Aries Wealth Management now owns 2,135 shares of the technology company’s stock valued at $238,000 after purchasing an additional 165 shares in the last quarter. 68.20% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ CHKP opened at $113.75 on Monday. Check Point Software Technologies Ltd. has a 52 week low of $105.13 and a 52 week high of $132.76. The business’s fifty day simple moving average is $112.92 and its 200-day simple moving average is $112.14. The firm has a market cap of $17.47 billion, a PE ratio of 22.22, a P/E/G ratio of 2.33 and a beta of 0.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Monday, October 28th. The technology company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.40 by $0.04. Check Point Software Technologies had a return on equity of 21.86% and a net margin of 40.05%. The business had revenue of $490.91 million for the quarter, compared to analyst estimates of $490.94 million. During the same quarter in the previous year, the firm earned $1.38 EPS. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 5.51 earnings per share for the current fiscal year.

CHKP has been the topic of a number of research reports. Morgan Stanley lowered Check Point Software Technologies from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $115.00 to $106.00 in a report on Monday, January 13th. Goldman Sachs Group initiated coverage on Check Point Software Technologies in a report on Tuesday, November 12th. They issued a “neutral” rating and a $123.00 price objective on the stock. Barclays decreased their price objective on Check Point Software Technologies from $127.00 to $116.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. First Analysis lowered Check Point Software Technologies from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $133.00 to $119.00 in a report on Tuesday, January 14th. Finally, BidaskClub upgraded Check Point Software Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 15th. Four research analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $118.50.

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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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