Regatta Capital Group LLC Purchases 57 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Regatta Capital Group LLC increased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,229 shares of the technology company’s stock after buying an additional 57 shares during the period. Regatta Capital Group LLC’s holdings in Check Point Software Technologies were worth $229,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CHKP. M3 Advisory Group LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $233,000. Exchange Traded Concepts LLC increased its holdings in shares of Check Point Software Technologies by 142.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company’s stock worth $44,000 after acquiring an additional 137 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of Check Point Software Technologies by 83.1% during the fourth quarter. Avior Wealth Management LLC now owns 705 shares of the technology company’s stock worth $132,000 after purchasing an additional 320 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Check Point Software Technologies by 0.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 22,417 shares of the technology company’s stock valued at $4,185,000 after purchasing an additional 110 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Check Point Software Technologies by 12.9% in the 4th quarter. SG Americas Securities LLC now owns 69,242 shares of the technology company’s stock valued at $12,927,000 after purchasing an additional 7,927 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 1.0 %

CHKP stock opened at $194.48 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70. The business has a 50-day simple moving average of $185.60 and a 200 day simple moving average of $186.45. The company has a market cap of $21.39 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63.

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. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the firm posted $1.80 EPS. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHKP. Piper Sandler raised their price objective on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday, January 6th. Barclays decreased their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Stifel Nicolaus lifted their price objective on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. increased their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Eighteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $203.05.

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.