Clean Yield Group Lowers Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Clean Yield Group reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,801 shares of the technology company’s stock after selling 72 shares during the period. Check Point Software Technologies makes up 1.5% of Clean Yield Group’s portfolio, making the stock its 16th biggest holding. Clean Yield Group’s holdings in Check Point Software Technologies were worth $4,817,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CHKP. FSA Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth $27,000. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies in the third quarter valued at $33,000. GAMMA Investing LLC increased its stake 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 acquiring an additional 60 shares during the last quarter. Concord Wealth Partners purchased a new stake in Check Point Software Technologies during the third quarter valued at about $37,000. Finally, Arrow Financial Corp lifted its stake in 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 last quarter. Institutional investors own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Wedbush boosted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Evercore ISI increased their target price on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $204.00 to $207.00 in a research report on Thursday, January 2nd. Finally, Mizuho upped their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Sixteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $202.95.

Check Point Software Technologies Trading Up 0.0 %

Check Point Software Technologies stock traded up $0.07 during trading hours on Monday, hitting $182.07. 191,939 shares of the stock traded hands, compared to its average volume of 733,970. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70. The company has a market cap of $20.02 billion, a PE ratio of 24.87, a PEG ratio of 3.21 and a beta of 0.63. The firm’s 50-day moving average price is $182.87 and its two-hundred day moving average price is $185.18.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the company earned $1.80 earnings per share. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

About Check Point Software Technologies

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.