Rossby Financial LCC Purchases New Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Rossby Financial LCC acquired a new position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,554 shares of the technology company's stock, valued at approximately $354,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Gitterman Wealth Management LLC lifted its position in Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after acquiring an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Check Point Software Technologies by 1.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after purchasing an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Check Point Software Technologies by 19.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after purchasing an additional 55 shares in the last quarter. 3Chopt Investment Partners LLC boosted its stake in shares of Check Point Software Technologies by 0.3% in the first quarter. 3Chopt Investment Partners LLC now owns 19,571 shares of the technology company's stock valued at $4,461,000 after purchasing an additional 56 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Check Point Software Technologies by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,661 shares of the technology company's stock valued at $2,737,000 after purchasing an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $219.39 on Thursday. The firm has a market capitalization of $24.13 billion, a PE ratio of 28.94, a P/E/G ratio of 3.16 and a beta of 0.64. Check Point Software Technologies Ltd. has a 1-year low of $166.56 and a 1-year high of $234.36. The business's fifty day moving average price is $221.12 and its two-hundred day moving average price is $213.21.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings data 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 business had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $2.04 EPS. Equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent analyst reports. Wedbush reiterated an "outperform" rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 24th. Morgan Stanley cut their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank lowered their price objective on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a research note on Thursday, April 24th. Roth Capital assumed coverage on Check Point Software Technologies in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price on the stock. Finally, Wells Fargo & Company reduced their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $232.44.

Check Point Software Technologies 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.

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