Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Epacria Capital Partners LLC

Epacria Capital Partners LLC lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 27,100 shares of the technology company’s stock after selling 113 shares during the quarter. Check Point Software Technologies makes up 3.6% of Epacria Capital Partners LLC’s holdings, making the stock its 7th largest holding. Epacria Capital Partners LLC’s holdings in Check Point Software Technologies were worth $5,225,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CHKP. Hyperion Capital Advisors LP acquired a new stake in Check Point Software Technologies during the third quarter worth about $284,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after purchasing an additional 464,821 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Check Point Software Technologies by 21.6% during the 3rd quarter. Public Sector Pension Investment Board now owns 46,136 shares of the technology company’s stock valued at $8,895,000 after purchasing an additional 8,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Check Point Software Technologies by 5.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,786 shares of the technology company’s stock valued at $12,299,000 after purchasing an additional 3,418 shares during the period. Finally, Blueshift Asset Management LLC purchased a new stake in Check Point Software Technologies during the third quarter worth $528,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CHKP shares. JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a report on Wednesday, October 30th. BMO Capital Markets raised their price objective on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $205.00 to $195.00 in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $181.55 on Friday. The stock’s fifty day moving average is $189.48 and its two-hundred day moving average is $177.79. The firm has a market capitalization of $19.97 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. Check Point Software Technologies Ltd. has a fifty-two week low of $143.28 and a fifty-two week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The firm had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the prior year, the firm posted $1.80 earnings per share. Check Point Software Technologies’s quarterly revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Check Point Software Technologies 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.