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J. Safra Sarasin Holding AG Sells 6,102 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Check Point Software Technologies logo with Computer and Technology background

Key Points

  • J. Safra Sarasin Holding AG reduced its stake in Check Point Software Technologies by 9.1%, selling 6,102 shares to hold 61,058 shares, which is valued at approximately $13.9 million.
  • Several institutional investors have entered the market for Check Point Software Technologies, with notable acquisitions including Capital A Wealth Management and Cromwell Holdings LLC.
  • Check Point's stock has seen a price fluctuation between a twelve-month low of $169.01 and a high of $234.35, currently trading at $188.58.
  • Five stocks we like better than Check Point Software Technologies.

J. Safra Sarasin Holding AG decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 9.1% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 61,058 shares of the technology company's stock after selling 6,102 shares during the period. J. Safra Sarasin Holding AG owned approximately 0.06% of Check Point Software Technologies worth $13,916,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Causeway Capital Management LLC boosted its holdings in Check Point Software Technologies by 33.8% in the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after purchasing an additional 487,823 shares during the period. First Trust Advisors LP boosted its holdings in Check Point Software Technologies by 17.4% in the fourth quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after purchasing an additional 269,925 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Check Point Software Technologies by 2.8% in the first quarter. Robeco Institutional Asset Management B.V. now owns 1,687,393 shares of the technology company's stock worth $384,591,000 after purchasing an additional 46,713 shares during the period. Ameriprise Financial Inc. boosted its holdings in Check Point Software Technologies by 10.6% in the fourth quarter. Ameriprise Financial Inc. now owns 1,429,724 shares of the technology company's stock worth $266,930,000 after purchasing an additional 136,699 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Check Point Software Technologies by 2,704.5% in the first quarter. Victory Capital Management Inc. now owns 1,304,551 shares of the technology company's stock worth $297,333,000 after purchasing an additional 1,258,034 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CHKP shares. Stephens decreased their price objective on shares of Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating for the company in a report on Thursday. Stifel Nicolaus set a $200.00 price target on shares of Check Point Software Technologies in a report on Wednesday, July 30th. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. UBS Group reduced their price target on shares of Check Point Software Technologies from $220.00 to $210.00 and set a "neutral" rating for the company in a report on Thursday. Finally, Jefferies Financial Group reduced their price target on shares of Check Point Software Technologies from $260.00 to $230.00 and set a "buy" rating for the company in a report on Thursday. Fifteen 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 company's stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of "Moderate Buy" and a consensus price target of $228.08.

View Our Latest Research Report on Check Point Software Technologies

Check Point Software Technologies Stock Up 2.2%

Check Point Software Technologies stock traded up $4.18 during midday trading on Monday, hitting $192.76. The company's stock had a trading volume of 1,391,597 shares, compared to its average volume of 1,057,603. The stock's 50-day moving average price is $220.54 and its 200-day moving average price is $218.36. The company has a market capitalization of $21.20 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.59. Check Point Software Technologies Ltd. has a 12 month low of $169.01 and a 12 month high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $2.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.01. The firm had revenue of $665.20 million for the quarter, compared to the consensus estimate of $663.10 million. Check Point Software Technologies had a return on equity of 33.21% and a net margin of 32.48%. The business's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.17 EPS. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Check Point Software Technologies Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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