Romano Brothers AND Company Has $7.72 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Romano Brothers AND Company reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,350 shares of the technology company’s stock after selling 300 shares during the period. Check Point Software Technologies makes up 1.0% of Romano Brothers AND Company’s investment portfolio, making the stock its 23rd largest holding. Romano Brothers AND Company’s holdings in Check Point Software Technologies were worth $7,720,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock worth $346,000 after purchasing an additional 57 shares during the last quarter. GAMMA Investing LLC grew its holdings in Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares in the last quarter. Brighton Jones LLC raised its position in Check Point Software Technologies by 5.2% in the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after buying an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Check Point Software Technologies by 1.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after acquiring an additional 66 shares in the last quarter. Finally, HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% during the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CHKP shares. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wedbush upped their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Barclays cut their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Truist Financial raised their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Piper Sandler lifted their target price on Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a research note on Monday, January 6th. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $202.33.

Check Point Software Technologies Stock Up 0.6 %

NASDAQ CHKP opened at $187.87 on Friday. The company has a 50-day simple moving average of $183.98 and a two-hundred day simple moving average of $185.73. 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 market cap of $20.66 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.86 and a beta of 0.63.

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