Raymond James Financial Services Advisors Inc. Sells 218 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Raymond James Financial Services Advisors Inc. lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKPGet Rating) by 1.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,716 shares of the technology company’s stock after selling 218 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Check Point Software Technologies were worth $2,097,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of Check Point Software Technologies by 2.6% during the 2nd quarter. CWM LLC now owns 65,621 shares of the technology company’s stock valued at $7,991,000 after purchasing an additional 1,649 shares during the last quarter. Dixon Hubard Feinour & Brown Inc. VA bought a new position in shares of Check Point Software Technologies during the 2nd quarter valued at about $258,000. Axiom Investors LLC DE boosted its holdings in shares of Check Point Software Technologies by 24.2% during the 2nd quarter. Axiom Investors LLC DE now owns 285,630 shares of the technology company’s stock valued at $34,784,000 after purchasing an additional 55,746 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Check Point Software Technologies by 138.3% during the 2nd quarter. SG Americas Securities LLC now owns 27,000 shares of the technology company’s stock valued at $3,288,000 after purchasing an additional 15,670 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Check Point Software Technologies by 150.0% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 98,593 shares of the technology company’s stock valued at $12,007,000 after purchasing an additional 59,159 shares during the last quarter. Institutional investors own 64.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CHKP shares. Macquarie started coverage on shares of Check Point Software Technologies in a report on Wednesday, November 2nd. They issued a “neutral” rating and a $129.00 price target for the company. Jefferies Financial Group raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and increased their price target for the company from $135.00 to $150.00 in a report on Thursday, January 5th. Truist Financial lowered their price target on shares of Check Point Software Technologies from $145.00 to $130.00 and set a “buy” rating for the company in a report on Monday, October 24th. Sumitomo Mitsui Financial Group started coverage on shares of Check Point Software Technologies in a report on Friday, October 7th. They issued a “neutral” rating and a $115.00 price target for the company. Finally, Citigroup increased their price target on shares of Check Point Software Technologies from $117.00 to $125.00 in a report on Friday, October 28th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $138.30.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $128.99 on Tuesday. The firm’s 50 day moving average price is $129.12 and its 200-day moving average price is $123.23. Check Point Software Technologies Ltd. has a 52-week low of $107.54 and a 52-week high of $149.62. The company has a market cap of $16.18 billion, a PE ratio of 21.11, a P/E/G ratio of 2.53 and a beta of 0.68.

Check Point Software Technologies (NASDAQ:CHKPGet Rating) last released its quarterly earnings data on Thursday, October 27th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. Check Point Software Technologies had a net margin of 34.35% and a return on equity of 26.20%. The firm had revenue of $577.60 million for the quarter, compared to the consensus estimate of $571.78 million. During the same period last year, the firm earned $1.44 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies Ltd. will post 6.37 earnings per share for the current fiscal year.

Check Point Software Technologies Profile

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Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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