Cresset Asset Management LLC Cuts Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cresset Asset Management LLC lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 57.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,726 shares of the technology company's stock after selling 10,406 shares during the period. Cresset Asset Management LLC's holdings in Check Point Software Technologies were worth $1,442,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nemes Rush Group LLC bought a new position in Check Point Software Technologies in the fourth quarter worth approximately $25,000. GAMMA Investing LLC boosted its holdings in Check Point Software Technologies by 53.1% in 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 in the last quarter. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the fourth quarter worth approximately $35,000. Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $35,000. Finally, Quarry LP lifted its holdings in shares of Check Point Software Technologies by 100.0% in the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after purchasing an additional 103 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

NASDAQ CHKP traded up $0.82 during trading on Friday, reaching $216.92. The company's stock had a trading volume of 194,541 shares, compared to its average volume of 975,638. The stock has a market capitalization of $23.86 billion, a PE ratio of 29.04, a P/E/G ratio of 3.41 and a beta of 0.66. The firm has a fifty day moving average of $219.48 and a 200 day moving average of $203.05. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.35.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The firm had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same period in the prior year, the business earned $2.04 EPS. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. 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 analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Citigroup raised their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the company a "neutral" rating in a report on Friday, January 17th. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a report on Thursday, February 27th. Guggenheim restated a "neutral" rating on shares of Check Point Software Technologies in a report on Friday, January 31st. Finally, Baird R W upgraded Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $232.04.

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.