Boston Trust Walden Corp Cuts Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Boston Trust Walden Corp decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 13.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 421,859 shares of the technology company's stock after selling 65,424 shares during the period. Boston Trust Walden Corp owned about 0.38% of Check Point Software Technologies worth $96,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CHKP. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $25,000. Capital A Wealth Management LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $35,000. Quarry LP increased its position in shares of Check Point Software Technologies by 100.0% during the fourth 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, Menard Financial Group LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth $41,000. Institutional investors own 98.51% of the company's stock.

Analyst Ratings Changes

CHKP has been the topic of a number of recent analyst reports. Scotiabank reduced their price target on Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research report on Thursday, April 24th. Wells Fargo & Company reduced their price target on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their price objective for the company from $235.00 to $255.00 in a report on Thursday, February 27th. Finally, Bank of America raised shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Sixteen equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $232.44.

Check Point Software Technologies Price Performance

CHKP stock traded down $0.21 during midday trading on Friday, hitting $218.21. 909,736 shares of the stock traded hands, compared to its average volume of 787,783. Check Point Software Technologies Ltd. has a 1-year low of $153.88 and a 1-year high of $234.36. The stock's fifty day simple moving average is $220.20 and its 200-day simple moving average is $211.61. The firm has a market cap of $24.00 billion, a P/E ratio of 28.79, a PEG ratio of 3.12 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. During the same period in the prior year, the company posted $2.04 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. On average, research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

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.