Beacon Pointe Advisors LLC Sells 34,382 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Beacon Pointe Advisors LLC trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 91.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,348 shares of the technology company's stock after selling 34,382 shares during the period. Beacon Pointe Advisors LLC's holdings in Check Point Software Technologies were worth $625,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Gitterman Wealth Management LLC boosted its stake in shares of Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock valued at $286,000 after purchasing an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. lifted its holdings in Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock valued at $578,000 after buying an additional 52 shares during the period. Argonautica Private Wealth Management Inc. boosted its stake in Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock valued at $1,121,000 after acquiring an additional 56 shares during the last quarter. Regatta Capital Group LLC grew its holdings in Check Point Software Technologies by 4.9% during the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after acquiring an additional 57 shares during the period. Finally, Kingsview Wealth Management LLC raised its position in shares of Check Point Software Technologies by 3.1% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after acquiring an additional 57 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $235.00 to $255.00 in a research report on Thursday, February 27th. Compass Point set a $260.00 target price on Check Point Software Technologies in a report on Thursday, March 27th. Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Scotiabank decreased their price objective on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating for the company in a report on Thursday, April 24th. Finally, Susquehanna increased their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the stock a "positive" rating in a report on Friday, January 31st. Eighteen equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong 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 $232.04.

Check Point Software Technologies Stock Up 1.6 %

CHKP stock opened at $217.55 on Friday. The company has a market cap of $23.93 billion, a price-to-earnings ratio of 29.12, a P/E/G ratio of 3.41 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $145.75 and a twelve month high of $234.36. The business has a 50 day moving average price of $220.18 and a two-hundred day moving average price of $202.28.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same period in the previous year, the company earned $2.04 earnings per share. The firm's revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS 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.

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