New York Life Investment Management LLC Sells 128 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

New York Life Investment Management LLC lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,988 shares of the technology company’s stock after selling 128 shares during the quarter. New York Life Investment Management LLC’s holdings in Check Point Software Technologies were worth $304,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. BSW Wealth Partners grew its position in shares of Check Point Software Technologies by 3.7% during the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock worth $330,000 after buying an additional 78 shares in the last quarter. Pacer Advisors Inc. increased its position in Check Point Software Technologies by 6.9% during the 4th quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock valued at $211,000 after purchasing an additional 89 shares during the period. Dark Forest Capital Management LP raised its holdings in shares of Check Point Software Technologies by 2.1% in the 3rd quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company’s stock valued at $683,000 after purchasing an additional 103 shares in the last quarter. Brookstone Capital Management lifted its position in shares of Check Point Software Technologies by 1.7% in the 4th quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock worth $943,000 after purchasing an additional 103 shares during the period. Finally, Industrial Alliance Investment Management Inc. boosted its stake in shares of Check Point Software Technologies by 8.4% during the third quarter. Industrial Alliance Investment Management Inc. now owns 1,386 shares of the technology company’s stock valued at $185,000 after purchasing an additional 107 shares in the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of analyst reports. BMO Capital Markets upped their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Scotiabank lifted their target price on Check Point Software Technologies from $170.00 to $180.00 and gave the company a “sector outperform” rating in a research note on Wednesday, February 7th. William Blair raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. TD Cowen lifted their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Finally, Mizuho restated a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Twelve investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $169.18.

Check Point Software Technologies Price Performance

CHKP stock opened at $151.57 on Monday. The firm’s fifty day simple moving average is $159.81 and its 200-day simple moving average is $154.16. Check Point Software Technologies Ltd. has a 12 month low of $118.21 and a 12 month high of $168.82. The company has a market capitalization of $18.30 billion, a P/E ratio of 21.05, a price-to-earnings-growth ratio of 2.46 and a beta of 0.64.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, hitting the consensus estimate of $1.72. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. As a group, sell-side analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.

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.