SG Americas Securities LLC Sells 26,152 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

SG Americas Securities LLC decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 37.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,090 shares of the technology company's stock after selling 26,152 shares during the quarter. SG Americas Securities LLC's holdings in Check Point Software Technologies were worth $9,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Nemes Rush Group LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $29,000. Golden State Wealth Management LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Strategic Financial Concepts LLC bought a new position in shares of Check Point Software Technologies in the 4th quarter valued at about $35,000. Finally, Quarry LP grew its holdings in shares of 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. Institutional investors and hedge funds own 98.51% of the company's stock.

Check Point Software Technologies Stock Down 1.8%

Shares of NASDAQ:CHKP traded down $4.02 during trading on Friday, hitting $218.93. 1,057,939 shares of the company were exchanged, compared to its average volume of 786,150. The business's 50 day moving average is $219.86 and its 200-day moving average is $210.21. The company has a market capitalization of $24.08 billion, a P/E ratio of 29.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1-year low of $153.88 and a 1-year high of $234.36.

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 (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. During the same period in the prior year, the business earned $2.04 earnings per share. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Wedbush restated an "outperform" rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a report on Thursday, April 24th. Needham & Company LLC restated a "hold" rating on shares of Check Point Software Technologies in a report on Thursday, February 27th. Arete Research upgraded Check Point Software Technologies to a "hold" rating in a report on Monday, February 24th. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Robert W. Baird upgraded Check Point Software Technologies from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $235.00 to $255.00 in a report on Thursday, February 27th. Sixteen investment 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $232.04.

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.