Cambridge Investment Research Advisors Inc. Trims Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cambridge Investment Research Advisors Inc. trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,769 shares of the technology company's stock after selling 1,961 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Check Point Software Technologies were worth $6,101,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CHKP. Sanctuary Advisors LLC raised its stake in Check Point Software Technologies by 4.9% during the fourth quarter. Sanctuary Advisors LLC now owns 4,924 shares of the technology company's stock valued at $919,000 after buying an additional 231 shares during the last quarter. NewEdge Wealth LLC lifted its stake in shares of Check Point Software Technologies by 6.9% in the 4th quarter. NewEdge Wealth LLC now owns 23,619 shares of the technology company's stock worth $4,410,000 after purchasing an additional 1,523 shares during the period. New York Life Investment Management LLC boosted its stake in shares of Check Point Software Technologies by 22.3% during the 4th quarter. New York Life Investment Management LLC now owns 2,053 shares of the technology company's stock worth $383,000 after acquiring an additional 375 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Check Point Software Technologies by 96.2% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,881 shares of the technology company's stock valued at $1,471,000 after acquiring an additional 3,865 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Check Point Software Technologies during the 4th quarter valued at $13,838,000. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Up 2.2%

Shares of NASDAQ CHKP traded up $4.80 during midday trading on Monday, reaching $221.25. 793,696 shares of the stock were exchanged, compared to its average volume of 787,429. The firm has a 50-day simple moving average of $220.36 and a two-hundred day simple moving average of $212.88. Check Point Software Technologies Ltd. has a twelve month low of $163.08 and a twelve month high of $234.36. The firm has a market cap of $24.33 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 3.09 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued 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. The company had revenue of $637.80 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.04 earnings per share. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on CHKP. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Mizuho upped their price objective on Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research report on Monday, June 16th. BMO Capital Markets restated an "outperform" rating and set a $250.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Finally, Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $220.00 to $260.00 in a research report on Monday, March 3rd. Sixteen research 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $232.44.

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.