Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by Clean Yield Group

Clean Yield Group grew its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 25,896 shares of the technology company’s stock after purchasing an additional 95 shares during the quarter. Check Point Software Technologies accounts for 1.9% of Clean Yield Group’s portfolio, making the stock its 12th largest position. Clean Yield Group’s holdings in Check Point Software Technologies were worth $5,902,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CHKP. World Investment Advisors grew its holdings in shares of Check Point Software Technologies by 4.4% in the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company’s stock worth $5,609,000 after acquiring an additional 1,278 shares during the last quarter. Crux Wealth Advisors acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth $542,000. Truist Financial Corp grew its holdings in shares of Check Point Software Technologies by 2.6% in the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company’s stock worth $22,311,000 after acquiring an additional 3,080 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company’s stock worth $928,000 after acquiring an additional 2,478 shares during the last quarter. Finally, Hickory Asset Management Inc. acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth $476,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $233.47 on Friday. The business’s 50-day simple moving average is $219.21 and its 200-day simple moving average is $208.94. The firm has a market capitalization of $25.68 billion, a PE ratio of 31.25, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 52 week low of $152.91 and a 52 week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the company posted $2.04 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

CHKP has been the topic of a number of recent research reports. Piper Sandler upgraded Check Point Software Technologies from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Baird R W raised Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 27th. Morgan Stanley decreased their target price on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Wells Fargo & Company decreased their target price on Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Sixteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $232.04.

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.