Clean Yield Group Has $5.90 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Clean Yield Group raised its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 holding. Clean Yield Group’s holdings in Check Point Software Technologies were worth $5,902,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Nemes Rush Group LLC acquired a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $35,000. Quarry LP boosted its holdings in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company’s stock worth $38,000 after acquiring an additional 103 shares in the last quarter. Finally, Menard Financial Group LLC acquired a new position in shares of Check Point Software Technologies in the 4th quarter worth approximately $41,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 1.0%

Shares of NASDAQ CHKP opened at $233.47 on Friday. The firm has a market cap 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 1-year low of $152.91 and a 1-year high of $234.36. The company has a fifty day moving average price of $219.21 and a 200 day moving average price of $208.94.

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

Wall Street Analysts Forecast Growth

CHKP has been the topic of several recent analyst reports. Roth Capital initiated coverage on Check Point Software Technologies in a report on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 target price on the stock. Mizuho boosted their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Morgan Stanley reduced their target price on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Arete Research raised Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $232.04.

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.