GAMMA Investing LLC Acquires 60 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

GAMMA Investing LLC raised its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 53.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173 shares of the technology company’s stock after acquiring an additional 60 shares during the quarter. GAMMA Investing LLC’s holdings in Check Point Software Technologies were worth $32,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CHKP. Robeco Institutional Asset Management B.V. grew its position in shares of Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. FMR LLC grew its holdings in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Check Point Software Technologies by 73.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Check Point Software Technologies by 3.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 415,097 shares of the technology company’s stock valued at $68,491,000 after purchasing an additional 13,707 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of Check Point Software Technologies by 14.9% during the second quarter. Sei Investments Co. now owns 394,496 shares of the technology company’s stock valued at $65,092,000 after acquiring an additional 51,073 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CHKP. Cantor Fitzgerald initiated coverage on Check Point Software Technologies in a research report on Thursday, January 9th. They set a “neutral” rating and a $200.00 price objective for the company. Stifel Nicolaus boosted their target price on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 price target on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho boosted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group increased their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Sixteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $202.95.

Check Point Software Technologies Stock Performance

CHKP opened at $183.25 on Wednesday. The business’s 50-day simple moving average is $183.36 and its 200-day simple moving average is $185.45. The company has a market cap of $20.15 billion, a P/E ratio of 25.03, a PEG ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.80 EPS. As a group, analysts predict 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.