Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Decreased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,815 shares of the technology company’s stock after selling 346 shares during the period. Atria Wealth Solutions Inc.’s holdings in Check Point Software Technologies were worth $870,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Costello Asset Management INC acquired a new position in shares of Check Point Software Technologies during the first quarter valued at approximately $62,000. Cary Street Partners Financial LLC increased its stake in shares of Check Point Software Technologies by 4.6% during the first quarter. Cary Street Partners Financial LLC now owns 2,523 shares of the technology company’s stock valued at $575,000 after acquiring an additional 110 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Check Point Software Technologies by 214.6% during the first quarter. Westfield Capital Management Co. LP now owns 864,717 shares of the technology company’s stock valued at $197,086,000 after acquiring an additional 589,816 shares during the period. Blair William & Co. IL increased its stake in shares of Check Point Software Technologies by 10.0% during the first quarter. Blair William & Co. IL now owns 20,736 shares of the technology company’s stock valued at $4,726,000 after acquiring an additional 1,881 shares during the period. Finally, Argent Trust Co increased its stake in shares of Check Point Software Technologies by 2.9% during the first quarter. Argent Trust Co now owns 12,421 shares of the technology company’s stock valued at $2,831,000 after acquiring an additional 354 shares during the period. Institutional investors own 98.51% of the company’s stock.

Check Point Software Technologies Stock Down 1.4%

Shares of NASDAQ:CHKP opened at $180.73 on Tuesday. The firm has a fifty day moving average of $215.68 and a two-hundred day moving average of $218.12. The firm has a market capitalization of $19.88 billion, a P/E ratio of 23.53, a price-to-earnings-growth ratio of 2.76 and a beta of 0.59. Check Point Software Technologies Ltd. has a 12-month low of $169.01 and a 12-month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.01. The company had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a net margin of 32.48% and a return on equity of 33.21%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the business posted $2.17 EPS. Equities research analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on CHKP. Roth Capital began coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a “neutral” rating and a $215.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $240.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Royal Bank Of Canada lowered their price objective on shares of Check Point Software Technologies from $224.00 to $207.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 31st. Barclays set a $215.00 price target on shares of Check Point Software Technologies and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley decreased their price target on shares of Check Point Software Technologies from $230.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 31st. Fifteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $228.08.

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.