Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 1.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,832 shares of the technology company's stock after selling 1,753 shares during the period. Check Point Software Technologies accounts for approximately 3.1% of Steigerwald Gordon & Koch Inc.'s holdings, making the stock its 5th largest holding. Steigerwald Gordon & Koch Inc. owned approximately 0.11% of Check Point Software Technologies worth $27,996,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Nemes Rush Group LLC acquired a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $25,000. Capital A Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC acquired a new position in Check Point Software Technologies during the 4th quarter worth $35,000. Golden State Wealth Management LLC bought a new position in Check Point Software Technologies in the 4th quarter valued at $35,000. Finally, Quarry LP increased its stake 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 buying an additional 103 shares during the period. Institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHKP. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Wells Fargo & Company cut their target price on shares of Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $230.00 to $260.00 in a research report on Thursday, March 27th. Wedbush reissued an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Sixteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded up $2.36 during trading hours on Friday, reaching $233.47. 429,110 shares of the company's stock were exchanged, compared to its average volume of 779,457. The company has a market capitalization of $25.68 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The company's 50-day moving average is $219.16 and its two-hundred day moving average is $208.31. Check Point Software Technologies Ltd. has a one year low of $152.91 and a one year high of $244.45.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $637.80 million during the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.04 earnings per share. Research analysts predict 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.