Epacria Capital Partners LLC Lowers Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Epacria Capital Partners LLC reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 51.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,175 shares of the technology company's stock after selling 13,925 shares during the quarter. Check Point Software Technologies accounts for approximately 2.1% of Epacria Capital Partners LLC's holdings, making the stock its 13th biggest position. Epacria Capital Partners LLC's holdings in Check Point Software Technologies were worth $2,460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies during the fourth quarter valued at approximately $25,000. GAMMA Investing LLC grew its position in shares of Check Point Software Technologies by 53.1% during the 4th quarter. GAMMA Investing LLC now owns 173 shares of the technology company's stock valued at $32,000 after acquiring an additional 60 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter worth $35,000. Quarry LP increased its stake in shares of Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in Check Point Software Technologies by 142.7% in the 4th quarter. Exchange Traded Concepts LLC now owns 233 shares of the technology company's stock worth $44,000 after purchasing an additional 137 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded down $3.08 during trading on Friday, hitting $217.59. The stock had a trading volume of 643,265 shares, compared to its average volume of 780,835. The stock has a market cap of $23.93 billion, a PE ratio of 29.13, a PEG ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The firm's fifty day simple moving average is $220.18 and its 200-day simple moving average is $202.75.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same quarter in the previous year, the business earned $2.04 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the company. Royal Bank of Canada restated a "sector perform" rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and increased their target price for the stock from $230.00 to $260.00 in a report on Thursday, March 27th. Morgan Stanley lowered their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Finally, Baird R W upgraded shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a research note on Thursday, February 27th. Eighteen investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus 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.