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

Ariel Investments LLC trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,336,278 shares of the technology company’s stock after selling 46,255 shares during the quarter. Check Point Software Technologies comprises 2.4% of Ariel Investments LLC’s investment portfolio, making the stock its 9th biggest position. Ariel Investments LLC owned 1.18% of Check Point Software Technologies worth $220,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Argonautica Private Wealth Management Inc. lifted its holdings in Check Point Software Technologies by 1.3% in the second quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after acquiring an additional 78 shares during the last quarter. Guardian Wealth Management Inc. lifted its stake in shares of Check Point Software Technologies by 0.5% in the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after purchasing an additional 85 shares during the last quarter. Heron Bay Capital Management grew its holdings in shares of Check Point Software Technologies by 0.3% during the 2nd quarter. Heron Bay Capital Management now owns 32,873 shares of the technology company’s stock worth $5,424,000 after purchasing an additional 92 shares during the period. Mather Group LLC. increased its position in shares of Check Point Software Technologies by 5.1% during the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock worth $337,000 after purchasing an additional 99 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. raised its holdings in Check Point Software Technologies by 0.4% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock valued at $4,342,000 after buying an additional 102 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on CHKP shares. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Wedbush boosted their target price on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Evercore ISI upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. Sixteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $184.47.

Check Point Software Technologies Stock Down 0.6 %

NASDAQ CHKP opened at $194.04 on Thursday. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $196.56. The firm has a 50 day moving average of $185.36 and a two-hundred day moving average of $168.38. The stock has a market capitalization of $21.91 billion, a PE ratio of 26.95, a price-to-earnings-growth ratio of 3.05 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The firm had revenue of $627.40 million during the quarter, compared to the consensus estimate of $623.19 million. During the same quarter in the previous year, the firm posted $1.74 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Check Point Software Technologies Company Profile

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.