H&H Retirement Design & Management INC Trims Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

H&H Retirement Design & Management INC lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 38.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,943 shares of the technology company's stock after selling 1,194 shares during the quarter. H&H Retirement Design & Management INC's holdings in Check Point Software Technologies were worth $403,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Nemes Rush Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth about $25,000. Capital A Wealth Management LLC purchased a new stake in Check Point Software Technologies in the 4th quarter worth approximately $29,000. Strategic Financial Concepts LLC bought a new stake in Check Point Software Technologies during the 4th quarter worth approximately $35,000. Quarry LP lifted its holdings in Check Point Software Technologies by 100.0% during 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 in the last quarter. Finally, Menard Financial Group LLC bought a new position in shares of Check Point Software Technologies in the fourth quarter worth approximately $41,000. Hedge funds and other institutional investors own 98.51% of the company's stock.

Wall Street Analysts Forecast Growth

CHKP has been the topic of a number of analyst reports. Scotiabank lowered their target price on shares of Check Point Software Technologies from $250.00 to $240.00 and set a "sector outperform" rating on the stock in a research note on Thursday, April 24th. Morgan Stanley lowered their price objective on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Wall Street Zen raised Check Point Software Technologies from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Mizuho lifted their target price on 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, Stephens dropped their price target on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Sixteen equities 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $232.44.

Check Point Software Technologies Trading Down 0.3%

NASDAQ:CHKP traded down $0.63 during midday trading on Wednesday, hitting $218.93. 449,934 shares of the company traded hands, compared to its average volume of 787,284. The firm has a market capitalization of $24.08 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.14 and a beta of 0.66. The firm's fifty day moving average is $220.17 and its 200-day moving average is $212.08. Check Point Software Technologies Ltd. has a 12-month low of $153.88 and a 12-month high of $234.36.

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 (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.75% and a return on equity of 32.88%. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same quarter last year, the business earned $2.04 EPS. The business's revenue was up 6.5% on a year-over-year basis. On average, research analysts expect that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal 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.