Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Diversified Trust Co

Diversified Trust Co reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,469 shares of the technology company’s stock after selling 309 shares during the quarter. Diversified Trust Co’s holdings in Check Point Software Technologies were worth $3,822,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can grew its holdings in Check Point Software Technologies by 32.2% during the third quarter. Bank of Montreal Can now owns 85,639 shares of the technology company’s stock worth $16,532,000 after acquiring an additional 20,866 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $1,599,000. MML Investors Services LLC lifted its stake in Check Point Software Technologies by 3.7% during the third quarter. MML Investors Services LLC now owns 103,507 shares of the technology company’s stock valued at $19,957,000 after purchasing an additional 3,655 shares during the last quarter. Martin Investment Management LLC boosted its holdings in Check Point Software Technologies by 2.0% during the third quarter. Martin Investment Management LLC now owns 163,357 shares of the technology company’s stock worth $31,497,000 after buying an additional 3,225 shares in the last quarter. Finally, Chevy Chase Trust Holdings LLC grew its position in Check Point Software Technologies by 69.6% in the third quarter. Chevy Chase Trust Holdings LLC now owns 23,351 shares of the technology company’s stock worth $4,502,000 after buying an additional 9,580 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP traded up $2.59 during trading hours on Tuesday, hitting $182.47. The stock had a trading volume of 166,952 shares, compared to its average volume of 630,883. The firm’s 50-day moving average price is $182.18 and its two-hundred day moving average price is $184.46. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70. The company has a market capitalization of $20.07 billion, a P/E ratio of 24.93, a P/E/G ratio of 3.21 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. As a group, analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CHKP shares. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. BMO Capital Markets lifted their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Evercore ISI boosted their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Truist Financial upped their price target on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Seventeen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $199.24.

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.