Koshinski Asset Management Inc. Acquires New Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Koshinski Asset Management Inc. acquired a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,752 shares of the technology company’s stock, valued at approximately $1,114,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHKP. BB&T Investment Services Inc. bought a new stake in shares of Check Point Software Technologies in the second quarter worth $100,000. Zions Bancorporation grew its holdings in shares of Check Point Software Technologies by 3,700.0% in the third quarter. Zions Bancorporation now owns 874 shares of the technology company’s stock worth $100,000 after acquiring an additional 851 shares during the period. Acrospire Investment Management LLC grew its holdings in shares of Check Point Software Technologies by 150.0% in the second quarter. Acrospire Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $109,000 after acquiring an additional 600 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Check Point Software Technologies in the second quarter worth $155,000. Finally, Archford Capital Strategies LLC grew its holdings in shares of Check Point Software Technologies by 22,512.5% in the second quarter. Archford Capital Strategies LLC now owns 1,809 shares of the technology company’s stock worth $200,000 after acquiring an additional 1,801 shares during the period. 71.65% of the stock is owned by institutional investors.

Check Point Software Technologies Ltd. (CHKP) traded down $0.36 during midday trading on Friday, hitting $97.84. The stock had a trading volume of 2,311,870 shares, compared to its average volume of 1,789,517. The company has a market capitalization of $15,990.00, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.94 and a beta of 0.57. Check Point Software Technologies Ltd. has a 1 year low of $95.03 and a 1 year high of $119.20.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.38 by $0.20. The firm had revenue of $506.00 million during the quarter, compared to analyst estimates of $508.66 million. Check Point Software Technologies had a return on equity of 22.74% and a net margin of 43.29%. The business’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.46 earnings per share. research analysts forecast that Check Point Software Technologies Ltd. will post 5.26 earnings per share for the current year.

Several analysts recently commented on the company. Zacks Investment Research raised Check Point Software Technologies from a “sell” rating to a “hold” rating in a report on Monday. Wells Fargo & Co lowered Check Point Software Technologies from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $103.41 to $117.00 in a report on Thursday, February 1st. JPMorgan Chase & Co. cut their price target on Check Point Software Technologies to $113.00 and set a “neutral” rating for the company in a report on Wednesday, January 31st. Cleveland Research lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating in a report on Thursday, January 25th. Finally, BidaskClub lowered Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $113.67.

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Check Point Software Technologies Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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