Donald L. Hagan LLC Purchases 399 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Donald L. Hagan LLC grew its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,092 shares of the technology company’s stock after buying an additional 399 shares during the period. Donald L. Hagan LLC’s holdings in Check Point Software Technologies were worth $472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies during the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC bought a new stake in shares of Check Point Software Technologies during the fourth quarter valued at approximately $30,000. CNB Bank bought a new stake in Check Point Software Technologies in the third quarter worth $27,000. Resurgent Financial Advisors LLC bought a new stake in Check Point Software Technologies in the fourth quarter worth $28,000. Finally, Salem Investment Counselors Inc. increased its position in Check Point Software Technologies by 483.7% in 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. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 0.1 %

NASDAQ:CHKP traded down $0.14 during mid-day trading on Friday, reaching $164.01. The company’s stock had a trading volume of 443,113 shares, compared to its average volume of 676,104. The firm has a market capitalization of $19.81 billion, a PE ratio of 23.04, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. The stock has a fifty day moving average of $161.66 and a 200-day moving average of $149.15. 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 announced its earnings results on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The business had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.23 earnings per share. On average, analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several research reports. Scotiabank boosted their price target on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. Raymond James upgraded shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Monday, December 18th. TD Cowen lifted their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Susquehanna lifted their price objective on shares of Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a research note on Wednesday, February 7th. Finally, UBS Group lifted their price objective on shares of Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Thirteen analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $159.70.

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 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.