HF Advisory Group LLC Lowers Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

HF Advisory Group LLC decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 18.7% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 6,234 shares of the technology company's stock after selling 1,430 shares during the period. HF Advisory Group LLC's holdings in Check Point Software Technologies were worth $1,421,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. World Investment Advisors boosted its holdings in shares of Check Point Software Technologies by 4.4% in the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock valued at $5,609,000 after buying an additional 1,278 shares during the period. Crux Wealth Advisors acquired a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $542,000. Truist Financial Corp increased its position in shares of Check Point Software Technologies by 2.6% during the 4th quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after purchasing an additional 3,080 shares during the period. Vestmark Advisory Solutions Inc. raised its position in Check Point Software Technologies by 99.3% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after acquiring an additional 2,478 shares in the last quarter. Finally, Hickory Asset Management Inc. bought a new stake in shares of Check Point Software Technologies in the 4th quarter worth approximately $476,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Up 1.0%

NASDAQ CHKP traded up $2.36 during trading hours on Friday, hitting $233.47. 429,110 shares of the company were exchanged, compared to its average volume of 779,457. Check Point Software Technologies Ltd. has a 52 week low of $152.91 and a 52 week high of $244.45. The stock has a 50-day moving average price of $219.16 and a 200 day moving average price of $208.31. The stock has a market cap of $25.68 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.04 earnings per share. As a group, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CHKP. Arete Research raised Check Point Software Technologies to a "hold" rating in a research report on Monday, February 24th. JPMorgan Chase & Co. raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $221.00 to $255.00 in a research note on Wednesday, February 26th. Morgan Stanley lowered their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Bank of America upgraded Check Point Software Technologies from a "neutral" rating to a "buy" rating and upped their target price for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Finally, 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 target for the company. Sixteen investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $232.04.

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.