Check Point Software Technologies Ltd. $CHKP Stock Sold by Compass Capital Management Inc.

Compass Capital Management Inc. lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 89.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 37,200 shares of the technology company’s stock after selling 310,588 shares during the period. Compass Capital Management Inc.’s holdings in Check Point Software Technologies were worth $4,775,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHKP. William Blair Investment Management LLC bought a new position in Check Point Software Technologies during the 3rd quarter worth $542,000. Allworth Financial LP lifted its holdings in Check Point Software Technologies by 59.4% during the 3rd quarter. Allworth Financial LP now owns 545 shares of the technology company’s stock worth $72,000 after buying an additional 203 shares during the period. Fifth Third Bancorp grew its position in shares of Check Point Software Technologies by 22.9% in the 3rd quarter. Fifth Third Bancorp now owns 563 shares of the technology company’s stock valued at $72,000 after buying an additional 105 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Check Point Software Technologies by 10.6% in the 3rd quarter. Ritholtz Wealth Management now owns 2,751 shares of the technology company’s stock valued at $353,000 after buying an additional 264 shares during the last quarter. Finally, Jacobi Capital Management LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at about $42,000. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Performance

CHKP stock opened at $147.18 on Friday. The firm has a market cap of $15.03 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 4.26 and a beta of 0.43. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average price of $139.74 and a 200-day moving average price of $139.87. Check Point Software Technologies Ltd. has a 1-year low of $112.23 and a 1-year high of $200.20.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Monday, November 2nd. The technology company reported $2.49 EPS for the quarter, beating the consensus estimate of $2.48 by $0.01. Check Point Software Technologies had a return on equity of 34.08% and a net margin of 31.74%. The company had revenue of $669.80 million for the quarter, compared to analyst estimates of $672.06 million. During the same quarter in the prior year, the company earned $3.94 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 8.37 earnings per share for the current year.

Insider Transactions at Check Point Software Technologies

In other Check Point Software Technologies news, insider Nataly Kremer sold 3,185 shares of the stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $150.08, for a total transaction of $478,004.80. Following the transaction, the insider directly owned 19,347 shares in the company, valued at approximately $2,903,597.76. This represents a 14.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 29.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CHKP shares. Mizuho raised their price objective on Check Point Software Technologies from $135.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, October 15th. Wedbush cut Check Point Software Technologies from an “outperform” rating to a “neutral” rating and set a $135.00 target price on the stock. in a report on Thursday, September 10th. Susquehanna upped their target price on Check Point Software Technologies from $150.00 to $165.00 and gave the company a “positive” rating in a report on Tuesday, November 3rd. Wells Fargo & Company raised their price target on shares of Check Point Software Technologies from $130.00 to $135.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 3rd. Finally, The Goldman Sachs Group lowered their price target on shares of Check Point Software Technologies from $168.00 to $150.00 and set a “neutral” rating for the company in a report on Saturday, August 1st. Ten research analysts have rated the stock with a Buy rating and twenty have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $151.32.

Check Point Software Technologies Company Profile

Check Point Software Technologies is a cybersecurity company that develops products and services to protect organizations’ networks, cloud environments, devices, and users. Its offerings include network security appliances and software, cloud security tools, endpoint and workspace protection, and centralized security management. The company’s product families include Quantum for network security, CloudGuard for cloud security, and Harmony for user and endpoint protection. Check Point also provides threat prevention, security research, and related support services to businesses and other organizations around the world.