Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 60.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,968 shares of the technology company’s stock after selling 3,033 shares during the period. Capital Investment Advisory Services LLC’s holdings in Check Point Software Technologies were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHKP. Ariel Investments LLC grew its position in Check Point Software Technologies by 121.2% during the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares in the last quarter. Morningstar Investment Services LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth approximately $65,522,000. LSV Asset Management grew its position in Check Point Software Technologies by 1,535.7% during the 3rd quarter. LSV Asset Management now owns 413,835 shares of the technology company’s stock worth $55,156,000 after purchasing an additional 388,535 shares in the last quarter. Boston Trust Walden Corp grew its position in Check Point Software Technologies by 248.8% during the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after purchasing an additional 218,403 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Check Point Software Technologies by 107.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock worth $48,244,000 after purchasing an additional 187,314 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $160.80 on Wednesday. The firm has a market cap of $19.42 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.56 and a beta of 0.61. Check Point Software Technologies Ltd. has a fifty-two week low of $117.18 and a fifty-two week high of $168.82. The firm has a fifty day moving average price of $161.95 and a two-hundred day moving average price of $152.72.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $0.10. The firm had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.23 EPS. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHKP has been the topic of several research analyst reports. Wedbush reiterated an “outperform” rating and set a $185.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, April 10th. Mizuho reissued a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Wells Fargo & Company lifted their target price on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Truist Financial lifted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, February 7th. Finally, BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $160.16.

Check Point Software Technologies Company Profile

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.