Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20,320.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,328 shares of the technology company’s stock after buying an additional 35,155 shares during the quarter. GAMMA Investing LLC’s holdings in Check Point Software Technologies were worth $8,052,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Moody National Bank Trust Division grew its position in shares of Check Point Software Technologies by 2.5% in the first quarter. Moody National Bank Trust Division now owns 3,074 shares of the technology company’s stock valued at $701,000 after purchasing an additional 74 shares during the period. Cadinha & Co. LLC lifted its stake in shares of Check Point Software Technologies by 546.7% during the first quarter. Cadinha & Co. LLC now owns 71,350 shares of the technology company’s stock worth $16,262,000 after purchasing an additional 60,317 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Check Point Software Technologies by 5,294.4% during the first quarter. Versant Capital Management Inc now owns 971 shares of the technology company’s stock worth $221,000 after purchasing an additional 953 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock worth $77,000 after acquiring an additional 55 shares in the last quarter. Finally, First Financial Bank Trust Division lifted its stake in shares of Check Point Software Technologies by 1.5% in the first quarter. First Financial Bank Trust Division now owns 36,883 shares of the technology company’s stock worth $8,406,000 after acquiring an additional 562 shares in the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

NASDAQ:CHKP opened at $233.47 on Monday. The firm has a 50-day moving average of $219.21 and a 200-day moving average of $209.13. The company has a market cap of $25.68 billion, a PE ratio of 31.25, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a one year low of $152.91 and a one year high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business had revenue of $637.80 million for the quarter, compared to analysts’ expectations of $635.80 million. During the same period in the previous year, the company earned $2.04 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on CHKP shares. Arete Research raised Check Point Software Technologies to a “hold” rating in a report on Monday, February 24th. Jefferies Financial Group upped their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Morgan Stanley decreased their price objective on Check Point Software Technologies from $235.00 to $220.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Bank of America raised Check Point Software Technologies from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $230.00 to $260.00 in a report on Thursday, March 27th. Finally, Wells Fargo & Company cut 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 report on Thursday, April 24th. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $232.04.

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.