Blue Trust Inc. Lowers Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blue Trust Inc. trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 70.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 641 shares of the technology company's stock after selling 1,506 shares during the period. Blue Trust Inc.'s holdings in Check Point Software Technologies were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. CWA Asset Management Group LLC raised its holdings in shares of Check Point Software Technologies by 108.2% in the 1st quarter. CWA Asset Management Group LLC now owns 23,157 shares of the technology company's stock valued at $5,278,000 after purchasing an additional 12,037 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Check Point Software Technologies by 19.1% in the 1st quarter. QRG Capital Management Inc. now owns 2,442 shares of the technology company's stock valued at $557,000 after purchasing an additional 391 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $301,000. Optas LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $201,000. Finally, Aries Wealth Management raised its holdings in shares of Check Point Software Technologies by 21.8% in the 1st quarter. Aries Wealth Management now owns 2,543 shares of the technology company's stock valued at $580,000 after purchasing an additional 456 shares in the last quarter. Institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Roth Capital assumed coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price objective for the company. Mizuho boosted their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research note on Monday, June 16th. Compass Point set a $260.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, March 27th. Wedbush reiterated an "outperform" rating and set a $240.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Finally, Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Sixteen analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and a consensus target price of $232.44.

Check Point Software Technologies Trading Down 0.3%

Shares of CHKP stock traded down $0.63 during trading hours on Wednesday, hitting $218.93. The company's stock had a trading volume of 449,934 shares, compared to its average volume of 787,284. The company has a 50 day moving average of $220.25 and a 200 day moving average of $212.13. The stock has a market cap of $24.08 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12-month low of $153.88 and a 12-month high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly 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 net margin of 32.75% and a return on equity of 32.88%. The firm had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. During the same period in the prior year, the firm posted $2.04 earnings per share. The firm's quarterly revenue was up 6.5% compared to the same quarter last year. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.