Elite Wealth Management Inc. Purchases Shares of 7,795 Check Point Software Technologies Ltd. (CHKP)

Elite Wealth Management Inc. bought a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,795 shares of the technology company’s stock, valued at approximately $808,000.

A number of other large investors have also modified their holdings of CHKP. BB&T Investment Services Inc. bought a new position in Check Point Software Technologies during the second quarter worth about $100,000. Zions Bancorporation boosted its position in Check Point Software Technologies by 3,700.0% during the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after purchasing an additional 851 shares during the period. Tower Research Capital LLC TRC bought a new position in Check Point Software Technologies during the second quarter worth about $155,000. Archford Capital Strategies LLC boosted its position in Check Point Software Technologies by 22,512.5% during the second quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after purchasing an additional 1,801 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new position in Check Point Software Technologies during the third quarter worth about $201,000. Hedge funds and other institutional investors own 71.60% of the company’s stock.

CHKP has been the topic of a number of recent analyst reports. Oppenheimer reissued a “buy” rating and issued a $128.00 price target on shares of Check Point Software Technologies in a report on Wednesday, November 1st. Jefferies Group reissued a “buy” rating and issued a $126.00 price target on shares of Check Point Software Technologies in a report on Thursday, October 19th. BidaskClub raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, December 12th. Stephens downgraded shares of Check Point Software Technologies from an “overweight” rating to an “equal weight” rating and set a $110.00 price target on the stock. in a report on Wednesday, November 1st. Finally, Barclays lowered their price target on shares of Check Point Software Technologies from $110.00 to $106.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $113.67.

Check Point Software Technologies Ltd. (CHKP) traded up $1.35 during mid-day trading on Wednesday, hitting $100.83. 1,040,700 shares of the company’s stock traded hands, compared to its average volume of 1,691,762. The stock has a market capitalization of $16,259.30, a P/E ratio of 20.92, a PEG ratio of 1.95 and a beta of 0.57. Check Point Software Technologies Ltd. has a 52-week low of $95.03 and a 52-week high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Wednesday, January 31st. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.38 by $0.20. The firm had revenue of $506.00 million for the quarter, compared to the consensus estimate of $508.66 million. Check Point Software Technologies had a net margin of 43.29% and a return on equity of 22.74%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.46 earnings per share. analysts expect that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current fiscal year.

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Check Point Software Technologies Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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

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