CIBC Asset Management Inc Sells 607 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

CIBC Asset Management Inc reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 6.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,238 shares of the technology company’s stock after selling 607 shares during the quarter. CIBC Asset Management Inc’s holdings in Check Point Software Technologies were worth $1,259,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in shares of Check Point Software Technologies by 52.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock valued at $8,508,000 after buying an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $1,505,000. Unique Wealth Strategies LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $1,005,000. Tritonpoint Wealth LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $2,586,000. Finally, Heritage Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $904,000. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $156.41 on Friday. Check Point Software Technologies Ltd. has a 52 week low of $122.86 and a 52 week high of $168.82. The stock has a market capitalization of $17.66 billion, a P/E ratio of 21.72, a PEG ratio of 2.44 and a beta of 0.61. The stock’s fifty day moving average is $155.18 and its 200 day moving average is $156.05.

Check Point Software Technologies (NASDAQ:CHKPGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The company had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. Equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.79 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Wedbush reaffirmed an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies in a report on Friday, April 26th. TD Cowen raised their price target on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Mizuho reaffirmed a “neutral” rating and set a $160.00 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Finally, KeyCorp raised Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Thirteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus target price of $169.18.

Get Our Latest Stock Analysis on CHKP

Check Point Software Technologies Profile

(Free Report)

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.

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

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