Boston Trust Walden Corp Decreases Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Boston Trust Walden Corp lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 13.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 421,859 shares of the technology company's stock after selling 65,424 shares during the quarter. Boston Trust Walden Corp owned 0.38% of Check Point Software Technologies worth $96,150,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Nemes Rush Group LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at about $25,000. Capital A Wealth Management LLC purchased a new position in Check Point Software Technologies in the fourth quarter valued at approximately $29,000. Quarry LP grew its holdings in Check Point Software Technologies by 100.0% during 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 during the period. Menard Financial Group LLC purchased a new stake in Check Point Software Technologies in the fourth quarter worth $41,000. Finally, MassMutual Private Wealth & Trust FSB increased its position in Check Point Software Technologies by 19.6% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock worth $77,000 after buying an additional 55 shares during the last quarter. Institutional investors own 98.51% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Morgan Stanley cut their price target on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Mizuho increased their target price on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday. Compass Point set a $260.00 price target on shares of Check Point Software Technologies in a research report on Thursday, March 27th. Arete Research upgraded shares of Check Point Software Technologies to a "hold" rating in a research note on Monday, February 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Check Point Software Technologies from $250.00 to $255.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Sixteen 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $232.44.

Check Point Software Technologies Trading Down 0.1%

Shares of CHKP traded down $0.21 during trading hours on Friday, reaching $218.21. 909,736 shares of the company's stock traded hands, compared to its average volume of 788,817. The stock has a market cap of $24.00 billion, a PE ratio of 28.79, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. The firm's 50 day simple moving average is $220.19 and its 200-day simple moving average is $211.25. 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 data on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The company had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. Check Point Software Technologies's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $2.04 EPS. As a group, analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.