Patriot Financial Group Insurance Agency LLC Buys 373 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 6.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,775 shares of the technology company’s stock after acquiring an additional 373 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Check Point Software Technologies were worth $1,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CHKP. FSA Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at $27,000. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies in the third quarter valued at about $33,000. GAMMA Investing LLC increased 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 worth $32,000 after purchasing an additional 60 shares during the period. Concord Wealth Partners bought a new stake in Check Point Software Technologies during the 3rd quarter worth about $37,000. Finally, Exchange Traded Concepts LLC lifted its position in Check Point Software Technologies by 142.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock valued at $44,000 after purchasing an additional 137 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock opened at $202.94 on Wednesday. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70. The stock’s 50-day moving average is $186.09 and its 200-day moving average is $186.88.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.80 EPS. On average, equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CHKP. Evercore ISI lifted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Piper Sandler upped their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a research report on Monday, January 6th. Wedbush raised their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Mizuho upped their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Citigroup raised their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Eighteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $203.05.

Read Our Latest Stock Report on CHKP

About Check Point Software Technologies

(Free Report)

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.

Further Reading

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

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