Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Hunter Perkins Capital Management LLC

Hunter Perkins Capital Management LLC cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 9.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,217 shares of the technology company's stock after selling 2,315 shares during the period. Hunter Perkins Capital Management LLC's holdings in Check Point Software Technologies were worth $5,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHKP. Nemes Rush Group LLC purchased a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $29,000. Quarry LP increased its stake in Check Point Software Technologies by 100.0% in 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 last quarter. Menard Financial Group LLC acquired a new stake in Check Point Software Technologies during the fourth quarter worth approximately $41,000. Finally, Bernard Wealth Management Corp. purchased a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $76,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

CHKP opened at $218.88 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $155.84 and a 1-year high of $234.36. The stock has a market cap of $24.07 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.13 and a beta of 0.66. The stock's 50 day simple moving average is $220.33 and its 200 day simple moving average is $212.34.

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 for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The business had revenue of $637.80 million during the quarter, compared to analysts' expectations of $635.80 million. During the same quarter last year, the business posted $2.04 earnings per share. The business's revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Robert W. Baird raised shares of Check Point Software Technologies from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $235.00 to $255.00 in a research report on Thursday, February 27th. Stephens reduced their target price on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company decreased their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Finally, Morgan Stanley decreased their price objective on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $232.44.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.