Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Graypoint LLC

Graypoint LLC trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,914 shares of the technology company’s stock after selling 107 shares during the quarter. Graypoint LLC’s holdings in Check Point Software Technologies were worth $2,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth $27,000. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies in the 3rd quarter worth about $33,000. GAMMA Investing LLC raised its holdings in Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock worth $32,000 after buying an additional 60 shares during the period. Concord Wealth Partners purchased a new stake in Check Point Software Technologies during the third quarter valued at about $37,000. Finally, Arrow Financial Corp boosted its holdings in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the period. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Down 0.6 %

CHKP stock traded down $1.19 during midday trading on Friday, reaching $182.00. 632,818 shares of the company’s stock traded hands, compared to its average volume of 827,853. The company has a market cap of $20.02 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 3.21 and a beta of 0.63. The company has a 50-day simple moving average of $182.64 and a two-hundred day simple moving average of $184.60. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the prior year, the firm earned $1.80 earnings per share. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analyst Weigh In

CHKP has been the subject of several research analyst reports. Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and reduced their price target for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Jefferies Financial Group raised their target price on 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. Barclays reduced their price objective on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Robert W. Baird lowered their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Wedbush increased their price target on shares of 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. Eighteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $199.27.

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.