Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Ethic Inc.

Ethic Inc. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 7.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,443 shares of the technology company's stock after selling 1,629 shares during the quarter. Ethic Inc.'s holdings in Check Point Software Technologies were worth $3,817,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CHKP. Barclays PLC increased its position in shares of Check Point Software Technologies by 6.0% during the third quarter. Barclays PLC now owns 80,432 shares of the technology company's stock worth $15,507,000 after acquiring an additional 4,522 shares during the period. GAMMA Investing LLC increased its position in shares of Check Point Software Technologies by 53.1% during the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock worth $32,000 after acquiring an additional 60 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Check Point Software Technologies by 13.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,667 shares of the technology company's stock valued at $1,093,000 after buying an additional 675 shares during the period. City State Bank purchased a new position in Check Point Software Technologies during the fourth quarter valued at approximately $154,000. Finally, Claro Advisors LLC purchased a new position in Check Point Software Technologies during the fourth quarter valued at approximately $260,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CHKP has been the topic of several research reports. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Royal Bank of Canada reissued a "sector perform" rating and set a $215.00 price objective on shares of Check Point Software Technologies in a report on Thursday, February 27th. Guggenheim reissued a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. BMO Capital Markets reissued an "outperform" rating and set a $250.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Finally, Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $232.04.

Check Point Software Technologies Trading Up 0.4%

Shares of NASDAQ:CHKP traded up $0.91 on Friday, hitting $217.01. 194,541 shares of the company were exchanged, compared to its average volume of 777,959. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $234.36. The stock's 50 day moving average price is $219.48 and its 200 day moving average price is $203.05. The firm has a market capitalization of $23.87 billion, a P/E ratio of 29.04, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $635.80 million. During the same period in the previous year, the firm posted $2.04 earnings per share. The business's revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts predict that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

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.