Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 29.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 265,944 shares of the technology company’s stock after selling 113,440 shares during the quarter. Vontobel Holding Ltd.’s holdings in Check Point Software Technologies were worth $40,634,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the 3rd quarter worth about $25,000. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies in the 4th quarter worth about $30,000. CNB Bank acquired a new stake in Check Point Software Technologies in the 3rd quarter worth about $27,000. Resurgent Financial Advisors LLC acquired a new stake in Check Point Software Technologies in the 4th quarter worth about $28,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after buying an additional 237 shares during the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. TD Cowen boosted their target price on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a report on Wednesday, January 31st. Mizuho restated a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. BMO Capital Markets boosted their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Finally, Wells Fargo & Company boosted their target price on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a report on Monday, January 29th. Thirteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $159.70.

Read Our Latest Analysis on CHKP

Check Point Software Technologies Trading Down 0.9 %

Check Point Software Technologies stock opened at $161.73 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The stock’s fifty day simple moving average is $162.63 and its 200-day simple moving average is $151.52. The firm has a market capitalization of $19.53 billion, a P/E ratio of 22.71, a P/E/G ratio of 2.62 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.10. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company had revenue of $663.50 million during the quarter, compared to the consensus estimate of $662.09 million. During the same quarter in the prior year, the firm posted $2.23 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 3.9% on a year-over-year basis. Sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

Check Point Software Technologies Profile

(Free Report)

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.

Further Reading

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

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