Butensky & Cohen Financial Security Inc. Lowers Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Butensky & Cohen Financial Security Inc. lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 13.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,840 shares of the technology company's stock after selling 3,470 shares during the period. Check Point Software Technologies comprises approximately 1.6% of Butensky & Cohen Financial Security Inc.'s investment portfolio, making the stock its 19th largest holding. Butensky & Cohen Financial Security Inc.'s holdings in Check Point Software Technologies were worth $5,206,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Gitterman Wealth Management LLC boosted its position in 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 worth $286,000 after purchasing an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Check Point Software Technologies by 1.7% during the 4th 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 in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Check Point Software Technologies by 19.6% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after buying an additional 55 shares in the last quarter. Argonautica Private Wealth Management Inc. lifted its position in shares of Check Point Software Technologies by 0.9% during the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock valued at $1,121,000 after buying an additional 56 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted 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 buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 1.0%

Shares of CHKP opened at $233.47 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $152.91 and a 52-week high of $234.36. The company has a market capitalization of $25.68 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The stock has a fifty day simple moving average of $219.21 and a two-hundred day simple moving average of $208.72.

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 (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 business had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same period last year, the company earned $2.04 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

CHKP has been the topic of a number of recent analyst reports. Mizuho increased their target price on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Jefferies Financial Group increased their target price on 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. Compass Point set a $260.00 target price on Check Point Software Technologies in a research report on Thursday, March 27th. Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and increased their target price for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Finally, Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and increased their target price for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $232.04.

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.

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