Clean Yield Group Sells 72 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Clean Yield Group lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 25,801 shares of the technology company’s stock after selling 72 shares during the quarter. Check Point Software Technologies makes up 1.5% of Clean Yield Group’s holdings, making the stock its 16th largest holding. Clean Yield Group’s holdings in Check Point Software Technologies were worth $4,817,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHKP. Bleakley Financial Group LLC lifted its position in Check Point Software Technologies by 3.3% during the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after purchasing an additional 57 shares during the period. GAMMA Investing LLC raised its stake in shares of 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 buying an additional 60 shares during the period. Brighton Jones LLC boosted its position in shares of Check Point Software Technologies by 5.2% in the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock worth $258,000 after purchasing an additional 66 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Check Point Software Technologies by 1.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 66 shares in the last quarter. Finally, HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% in the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after buying an additional 73 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Up 0.0 %

NASDAQ:CHKP traded up $0.07 during mid-day trading 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 52 week low of $145.75 and a 52 week high of $210.70. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 3.21 and a beta of 0.63. The firm’s 50 day moving average is $182.87 and its two-hundred day moving average is $185.18.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting 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 firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the prior year, the firm posted $1.80 earnings per share. The company’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird dropped their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Barclays cut their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. The Goldman Sachs Group downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Truist Financial increased their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Sixteen equities research 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 a consensus target price of $202.95.

Check Point Software Technologies Company 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.