6,578 Shares in Check Point Software Technologies Ltd. (NASDAQ:CHKP) Acquired by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 6,578 shares of the technology company’s stock, valued at approximately $1,005,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CHKP. Acadian Asset Management LLC boosted its stake in shares of Check Point Software Technologies by 1.6% during the third quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock worth $579,517,000 after buying an additional 69,441 shares during the period. Nordea Investment Management AB grew its stake in shares of Check Point Software Technologies by 0.3% in the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company’s stock valued at $365,851,000 after purchasing an additional 7,493 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Check Point Software Technologies by 3.4% in the third quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company’s stock valued at $216,822,000 after purchasing an additional 52,863 shares during the period. Ariel Investments LLC raised its stake in shares of Check Point Software Technologies by 121.2% during the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Check Point Software Technologies by 14.6% during the third quarter. Northern Trust Corp now owns 792,699 shares of the technology company’s stock worth $105,651,000 after purchasing an additional 101,019 shares during the last quarter. 87.62% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CHKP. Royal Bank of Canada boosted their price objective on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. Wedbush reiterated an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research report on Friday. Susquehanna raised their price target on Check Point Software Technologies from $190.00 to $200.00 and gave the company a “positive” rating in a report on Wednesday, February 7th. Truist Financial upped their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company raised their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average price target of $164.00.

Check Point Software Technologies Price Performance

NASDAQ:CHKP traded down $1.75 during trading hours on Friday, reaching $151.20. 1,275,556 shares of the company traded hands, compared to its average volume of 616,404. Check Point Software Technologies Ltd. has a 1-year low of $117.18 and a 1-year high of $168.82. The stock has a market cap of $18.26 billion, a P/E ratio of 21.00, a P/E/G ratio of 2.48 and a beta of 0.61. The firm’s 50-day moving average is $161.41 and its 200-day moving average is $152.89.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting analysts’ consensus estimates of $1.72. The business had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a return on equity of 31.30% and a net margin of 34.33%. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current 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.