Koshinski Asset Management Inc. Has $593,000 Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Koshinski Asset Management Inc. raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,176 shares of the technology company’s stock after buying an additional 160 shares during the period. Koshinski Asset Management Inc.’s holdings in Check Point Software Technologies were worth $593,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $27,000. GAMMA Investing LLC boosted its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the third quarter worth $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter worth $37,000. Finally, Arrow Financial Corp lifted 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. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.7 %

CHKP opened at $194.28 on Thursday. The company has a fifty day moving average price of $184.48 and a two-hundred day moving average price of $186.15. The company has a market cap of $21.37 billion, a P/E ratio of 26.54, a price-to-earnings-growth ratio of 2.95 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate 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 revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.80 earnings per share. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Truist Financial lifted their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Robert W. Baird cut their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. Finally, Mizuho lifted their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Seventeen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $203.05.

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.