Patriot Financial Group Insurance Agency LLC Has $1.08 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,775 shares of the technology company’s stock after acquiring an additional 373 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Check Point Software Technologies were worth $1,078,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CHKP. Dimensional Fund Advisors LP bought a new position in shares of Check Point Software Technologies in the second quarter valued at approximately $2,079,000. Toronto Dominion Bank bought a new position in Check Point Software Technologies in the 2nd quarter worth $327,000. MBB Public Markets I LLC acquired a new position in Check Point Software Technologies during the 2nd quarter worth $1,066,000. Millennium Management LLC boosted its holdings in Check Point Software Technologies by 20.6% during the second quarter. Millennium Management LLC now owns 44,101 shares of the technology company’s stock valued at $7,277,000 after acquiring an additional 7,523 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its position in shares of Check Point Software Technologies by 195.0% in the second quarter. Susquehanna Fundamental Investments LLC now owns 9,735 shares of the technology company’s stock valued at $1,606,000 after purchasing an additional 6,435 shares during the last quarter. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Up 2.4 %

Shares of CHKP stock opened at $202.94 on Wednesday. The company has a market capitalization of $22.32 billion, a P/E ratio of 27.72, a P/E/G ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $210.70. The firm has a 50-day moving average price of $186.09 and a 200 day moving average price of $186.88.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CHKP. Jefferies Financial Group increased their target price on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Cantor Fitzgerald reissued a “neutral” rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a research report on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, October 17th. Finally, Citigroup boosted their price objective on shares of Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. Eighteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $203.05.

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.