41,460 Shares in Check Point Software Technologies Ltd. (CHKP) Acquired by Menta Capital LLC

Menta Capital LLC purchased a new position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 41,460 shares of the technology company’s stock, valued at approximately $4,256,000. Check Point Software Technologies accounts for approximately 0.4% of Menta Capital LLC’s investment portfolio, making the stock its 22nd largest position.

Several other large investors have also bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock worth $153,000 after buying an additional 371 shares during the period. Crestwood Advisors Group LLC acquired a new stake in Check Point Software Technologies during the first quarter worth $154,000. IFP Advisors Inc increased its stake in Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock worth $155,000 after buying an additional 36 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Check Point Software Technologies by 10.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,509 shares of the technology company’s stock worth $155,000 after buying an additional 146 shares during the period. Finally, Trust Co. of Vermont increased its stake in Check Point Software Technologies by 6.0% in the first quarter. Trust Co. of Vermont now owns 1,775 shares of the technology company’s stock worth $182,000 after buying an additional 100 shares during the period. 72.40% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

Shares of Check Point Software Technologies Ltd. (NASDAQ CHKP) traded up 0.86% on Thursday, reaching $113.54. 346,776 shares of the company traded hands. Check Point Software Technologies Ltd. has a one year low of $74.34 and a one year high of $115.87. The firm has a 50-day moving average price of $109.78 and a 200 day moving average price of $100.01. The company has a market capitalization of $18.75 billion, a PE ratio of 26.33 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Thursday, April 27th. The technology company reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.03. The firm had revenue of $435.50 million for the quarter, compared to the consensus estimate of $432.41 million. Check Point Software Technologies had a net margin of 41.75% and a return on equity of 21.53%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.06 EPS. Equities analysts forecast that Check Point Software Technologies Ltd. will post $5.17 EPS for the current fiscal year.

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A number of research firms recently weighed in on CHKP. Barclays PLC raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $95.00 to $112.00 in a research note on Friday, April 28th. Vetr downgraded shares of Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $107.79 price target for the company. in a research note on Thursday, May 25th. Morgan Stanley raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $87.00 to $107.00 in a research note on Tuesday, April 18th. Monness Crespi & Hardt began coverage on shares of Check Point Software Technologies in a research note on Tuesday, March 14th. They set a “neutral” rating for the company. Finally, BMO Capital Markets reissued a “hold” rating and set a $117.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 27th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Check Point Software Technologies currently has an average rating of “Buy” and a consensus price target of $106.87.

Check Point Software Technologies Company Profile

Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.

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