TCG Advisory Services LLC Acquires Shares of 3,500 Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TCG Advisory Services LLC bought a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,500 shares of the technology company’s stock, valued at approximately $535,000.

Other institutional investors have also recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in Check Point Software Technologies in the 3rd quarter worth approximately $25,000. CNB Bank bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth $27,000. Bruce G. Allen Investments LLC purchased a new position in shares of Check Point Software Technologies in the fourth quarter worth $30,000. Salem Investment Counselors Inc. lifted 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 valued at $44,000 after purchasing an additional 237 shares in the last quarter. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at $49,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CHKP. UBS Group boosted their target price on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. TD Cowen increased their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Citigroup lifted their target price on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Truist Financial increased their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $169.18.

Check Point Software Technologies Stock Performance

Shares of CHKP traded up $1.73 during mid-day trading on Friday, reaching $151.20. The stock had a trading volume of 523,713 shares, compared to its average volume of 716,676. The firm has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a PEG 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. The business has a fifty day moving average of $160.51 and a 200 day moving average of $153.64.

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

Check Point Software Technologies 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.