Larson Financial Group LLC Boosts Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Larson Financial Group LLC raised its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 21.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,087 shares of the technology company’s stock after purchasing an additional 192 shares during the quarter. Larson Financial Group LLC’s holdings in Check Point Software Technologies were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Check Point Software Technologies in the second quarter valued at $30,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the third quarter valued at $33,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies in the third quarter valued at $37,000. Arrow Financial Corp boosted its holdings in Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in Check Point Software Technologies in the third quarter valued at $60,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $181.55 on Thursday. The company has a market capitalization of $19.97 billion, a P/E ratio of 24.80, a P/E/G ratio of 3.12 and a beta of 0.63. The company has a 50 day simple moving average of $189.67 and a 200-day simple moving average of $177.76. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.80 EPS. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CHKP. BMO Capital Markets increased their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Barclays lowered their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Jefferies Financial Group raised their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Evercore ISI raised their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $197.74.

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.