Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Position Raised by Romano Brothers AND Company

Romano Brothers AND Company boosted its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 41,650 shares of the technology company’s stock after acquiring an additional 250 shares during the quarter. Check Point Software Technologies makes up approximately 1.0% of Romano Brothers AND Company’s portfolio, making the stock its 18th largest holding. Romano Brothers AND Company’s holdings in Check Point Software Technologies were worth $8,031,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bleakley Financial Group LLC raised its position in shares of 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 buying an additional 57 shares during the last quarter. Brighton Jones LLC increased its stake in Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after acquiring an additional 66 shares during the period. Heritage Family Offices LLP raised its holdings in Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after acquiring an additional 77 shares in the last quarter. Argonautica Private Wealth Management Inc. grew its holdings in shares of Check Point Software Technologies by 1.3% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock worth $978,000 after purchasing an additional 78 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Check Point Software Technologies by 1.6% during the third quarter. Sequoia Financial Advisors LLC now owns 5,422 shares of the technology company’s stock valued at $1,045,000 after purchasing an additional 86 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Down 0.9 %

Shares of CHKP stock opened at $205.38 on Thursday. Check Point Software Technologies Ltd. has a 12 month low of $126.57 and a 12 month high of $210.70. The firm has a market cap of $23.19 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 3.17 and a beta of 0.62. The stock has a 50-day moving average price of $194.49 and a 200 day moving average price of $173.59.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. During the same period in the prior year, the business posted $1.74 earnings per share. Check Point Software Technologies’s revenue was up 6.6% compared to the same quarter last year. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the topic of a number of recent research reports. Scotiabank lifted their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. Evercore ISI raised shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. BMO Capital Markets raised their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Robert W. Baird upped their price objective on Check Point Software Technologies from $200.00 to $210.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $192.56.

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.