Vestcor Inc Has $15.97 Million Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vestcor Inc lifted its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.8% in the third quarter, Holdings Channel reports. The institutional investor owned 82,843 shares of the technology company’s stock after acquiring an additional 677 shares during the period. Vestcor Inc’s holdings in Check Point Software Technologies were worth $15,973,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. FSA Wealth Management LLC bought a new position in Check Point Software Technologies during the third quarter worth about $27,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $33,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies during the third quarter worth approximately $37,000. Arrow Financial Corp increased its holdings in shares of Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $60,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.6 %

NASDAQ CHKP opened at $187.89 on Tuesday. The company has a market cap of $20.66 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 3.18 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $144.66 and a twelve month high of $210.70. The business’s fifty day moving average is $188.37 and its 200 day moving average is $179.90.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Evercore ISI raised their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Wedbush increased their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Robert W. Baird dropped their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $197.74.

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.