Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Investment Management Corp of Ontario

Investment Management Corp of Ontario cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 24.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,221 shares of the technology company's stock after selling 3,024 shares during the period. Investment Management Corp of Ontario's holdings in Check Point Software Technologies were worth $1,722,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. World Investment Advisors raised its stake in Check Point Software Technologies by 4.4% in the fourth quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after buying an additional 1,278 shares in the last quarter. Crux Wealth Advisors acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $542,000. Truist Financial Corp raised its stake in Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after buying an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Check Point Software Technologies by 99.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock valued at $928,000 after buying an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $476,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

NASDAQ:CHKP traded up $2.58 during mid-day trading on Friday, reaching $218.68. The stock had a trading volume of 519,217 shares, compared to its average volume of 779,744. The firm has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66. 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 simple moving average of $219.41 and a 200 day simple moving average of $203.53.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The firm had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. BMO Capital Markets reaffirmed an "outperform" rating and set a $250.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. StockNews.com raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday. Truist Financial reaffirmed a "buy" rating and set a $250.00 price objective (up previously from $220.00) on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Robert W. Baird raised Check Point Software Technologies from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $235.00 to $255.00 in a report on Thursday, February 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $232.04.

Check Point Software Technologies 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.