Hunter Perkins Capital Management LLC Sells 2,315 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hunter Perkins Capital Management LLC reduced its position 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 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter valued at $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth about $29,000. Quarry LP lifted its position in Check Point Software Technologies by 100.0% in the 4th quarter. Quarry LP now owns 206 shares of the technology company's stock valued at $38,000 after acquiring an additional 103 shares in the last quarter. Menard Financial Group LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at about $41,000. Finally, Bernard Wealth Management Corp. acquired a new position in Check Point Software Technologies during the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of recent research reports. Compass Point set a $260.00 target price on Check Point Software Technologies in a report on Thursday, March 27th. Roth Capital initiated coverage on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. They set a "neutral" rating and a $215.00 price objective on the stock. Stephens dropped their price target on shares of Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Mizuho increased their price objective on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the company a "neutral" rating in a research note on Monday, June 16th. Finally, Wells Fargo & Company cut their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $232.44.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded up $4.67 during trading hours on Monday, reaching $221.12. The company had a trading volume of 445,807 shares, compared to its average volume of 786,916. The firm has a market cap of $24.32 billion, a PE ratio of 29.17, a price-to-earnings-growth ratio of 3.09 and a beta of 0.66. Check Point Software Technologies Ltd. has a one year low of $163.08 and a one year high of $234.36. The business has a fifty day simple moving average of $220.36 and a 200 day simple moving average of $212.88.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $635.80 million. During the same quarter last year, the company earned $2.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 EPS for the current 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.