Capital Investment Advisory Services LLC Sells 3,033 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Capital Investment Advisory Services LLC decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 60.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Concord Wealth Partners bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $25,000. CNB Bank bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $27,000. Bruce G. Allen Investments LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at about $30,000. 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 valued at $44,000 after purchasing an additional 237 shares during the period. Finally, Y.D. More Investments Ltd bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $49,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $160.80 on Wednesday. The firm has a 50 day moving average price of $161.95 and a two-hundred day moving average price of $152.72. Check Point Software Technologies Ltd. has a 52-week low of $117.18 and a 52-week high of $168.82. The stock has a market cap of $19.42 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $662.09 million. During the same period in the prior year, the firm posted $2.23 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts predict that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho restated a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Scotiabank upped their price objective on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. BMO Capital Markets upped their price objective on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Citigroup upped their price objective on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Finally, Wells Fargo & Company upped their price objective on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Thirteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.16.

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.