Gitterman Wealth Management LLC Invests $221,000 in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

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

Several other institutional investors have also bought and sold shares of CHKP. Acadian Asset Management LLC increased its position in shares of Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company’s stock valued at $579,517,000 after purchasing an additional 69,441 shares during the period. Nordea Investment Management AB lifted its holdings in 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 acquiring an additional 7,493 shares during the last quarter. Legal & General Group Plc boosted its position in shares of Check Point Software Technologies by 3.4% during the 3rd 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 in the last quarter. Ariel Investments LLC grew its stake in shares of Check Point Software Technologies by 121.2% in the 3rd 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 holdings in shares of Check Point Software Technologies by 14.6% in the 3rd 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 in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 1.1 %

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

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. The firm had revenue of $598.80 million for the quarter, compared to the consensus estimate 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, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays raised their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock an “equal weight” rating 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 report on Friday. Royal Bank of Canada lifted their price target on Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Truist Financial upped their price objective on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, 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. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $164.00.

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.