Gitterman Wealth Management LLC Purchases Shares of 1,450 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Gitterman Wealth Management LLC purchased a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,450 shares of the technology company’s stock, valued at approximately $221,000.

Other hedge funds have also recently modified their holdings of the company. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the 3rd quarter worth about $25,000. Bruce G. Allen Investments LLC purchased a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $30,000. CNB Bank acquired a new position in Check Point Software Technologies in the 3rd quarter worth approximately $27,000. Salem Investment Counselors Inc. raised its holdings in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after purchasing an additional 237 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new stake in Check Point Software Technologies during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 1.1 %

Shares of NASDAQ CHKP traded down $1.75 during mid-day trading on Friday, hitting $151.20. 1,275,556 shares of the company were exchanged, compared to its average volume of 616,404. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The stock has a 50 day simple moving average of $161.41 and a 200-day simple moving average of $153.01. Check Point Software Technologies Ltd. has a 1-year low of $117.18 and a 1-year high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Check Point Software Technologies had a return on equity of 31.30% and a net margin of 34.33%. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of recent analyst reports. UBS Group increased their price target on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Scotiabank upped their price target on Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Wednesday, February 7th. Stifel Nicolaus dropped their price objective on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a report on Friday. Wedbush reaffirmed an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research note on Friday. Finally, Mizuho reiterated a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and an average target price of $164.00.

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.