Connectus Wealth LLC Lowers Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Connectus Wealth LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,137 shares of the technology company’s stock after selling 109 shares during the period. Connectus Wealth LLC’s holdings in Check Point Software Technologies were worth $1,090,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Ariel Investments LLC lifted its holdings in shares of Check Point Software Technologies by 121.2% during the third quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock worth $144,391,000 after purchasing an additional 593,623 shares during the period. Morningstar Investment Services LLC acquired a new stake in shares of Check Point Software Technologies during the third quarter worth $65,522,000. Boston Trust Walden Corp lifted its holdings in shares of Check Point Software Technologies by 248.8% during the fourth quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock worth $46,784,000 after purchasing an additional 218,403 shares during the period. Norges Bank acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth $29,801,000. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Check Point Software Technologies by 107.2% during the third quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock worth $48,244,000 after purchasing an additional 187,314 shares during the period. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Stifel Nicolaus decreased 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. Barclays raised their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Wedbush reissued an “outperform” rating and issued a $185.00 target price on shares of Check Point Software Technologies in a report on Friday, April 26th. TD Cowen raised their target price 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. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Thirteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $169.18.

Read Our Latest Research Report on Check Point Software Technologies

Check Point Software Technologies Trading Down 0.2 %

Check Point Software Technologies stock opened at $156.11 on Tuesday. The stock has a market cap of $17.63 billion, a PE ratio of 21.68, a P/E/G ratio of 2.47 and a beta of 0.62. The stock has a 50-day moving average price of $155.02 and a 200 day moving average price of $156.23. Check Point Software Technologies Ltd. has a 52 week low of $122.86 and a 52 week high of $168.82.

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

Check Point Software Technologies Company 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.

Read More

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report).

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

Receive News & Ratings for Check Point Software Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Check Point Software Technologies and related companies with MarketBeat.com's FREE daily email newsletter.