Nkcfo LLC Buys Shares of 11,125 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Nkcfo LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,125 shares of the technology company’s stock, valued at approximately $1,700,000. Check Point Software Technologies comprises about 0.9% of Nkcfo LLC’s holdings, making the stock its 23rd largest holding.

A number of other hedge funds also recently made changes to their positions in the stock. National Bank of Canada FI increased its holdings in shares of Check Point Software Technologies by 12.1% in the fourth quarter. National Bank of Canada FI now owns 9,218 shares of the technology company’s stock worth $1,403,000 after buying an additional 993 shares during the period. TCG Advisory Services LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $535,000. Vestmark Advisory Solutions Inc. purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $228,000. LSV Asset Management grew its holdings in shares of Check Point Software Technologies by 12.0% in the fourth quarter. LSV Asset Management now owns 463,325 shares of the technology company’s stock worth $70,791,000 after purchasing an additional 49,490 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Check Point Software Technologies by 22.3% in the fourth quarter. M&T Bank Corp now owns 7,651 shares of the technology company’s stock worth $1,169,000 after buying an additional 1,395 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Up 1.2 %

Check Point Software Technologies stock traded up $1.73 during trading hours on Friday, hitting $151.20. The stock had a trading volume of 523,713 shares, compared to its average volume of 716,676. The stock’s 50-day moving average price is $160.51 and its 200-day moving average price is $153.64. The stock has a market capitalization of $18.26 billion, a P/E ratio of 21.00, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64. Check Point Software Technologies Ltd. has a 12-month low of $118.21 and a 12-month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. The company had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. On average, research analysts expect that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have issued reports on CHKP. TD Cowen raised their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. BMO Capital Markets upped their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Royal Bank of Canada lifted their price objective on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 7th. Barclays upped their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, William Blair raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $169.18.

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.