Graypoint LLC Decreases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Graypoint LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,914 shares of the technology company’s stock after selling 107 shares during the period. Graypoint LLC’s holdings in Check Point Software Technologies were worth $2,598,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CHKP. Rhumbline Advisers raised its stake in Check Point Software Technologies by 5.5% during the 2nd quarter. Rhumbline Advisers now owns 46,134 shares of the technology company’s stock valued at $7,612,000 after acquiring an additional 2,404 shares during the last quarter. Caprock Group LLC lifted its holdings in shares of Check Point Software Technologies by 190.1% during the second quarter. Caprock Group LLC now owns 4,087 shares of the technology company’s stock worth $675,000 after purchasing an additional 2,678 shares during the period. Wedbush Securities Inc. grew its position in Check Point Software Technologies by 39.9% in the 2nd quarter. Wedbush Securities Inc. now owns 4,255 shares of the technology company’s stock valued at $702,000 after buying an additional 1,214 shares during the last quarter. Choreo LLC acquired a new position in Check Point Software Technologies in the 2nd quarter valued at $277,000. Finally, American Century Companies Inc. raised its position in Check Point Software Technologies by 11.9% during the 2nd quarter. American Century Companies Inc. now owns 18,110 shares of the technology company’s stock worth $2,988,000 after buying an additional 1,920 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Wedbush boosted their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Jefferies Financial Group raised their price target on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Mizuho increased their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Finally, BMO Capital Markets lifted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, October 25th. Eighteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $199.27.

Check Point Software Technologies Trading Down 0.6 %

NASDAQ:CHKP traded down $1.19 during mid-day trading on Friday, hitting $182.00. The company had a trading volume of 632,818 shares, compared to its average volume of 827,853. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The business has a fifty day simple moving average of $182.64 and a 200-day simple moving average of $184.60.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting 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 business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter last year, the company earned $1.80 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

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.