Legacy Wealth Asset Management LLC Sells 1,592 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Legacy Wealth Asset Management LLC decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 16.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,976 shares of the technology company's stock after selling 1,592 shares during the period. Legacy Wealth Asset Management LLC's holdings in Check Point Software Technologies were worth $1,818,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CHKP. Meyer Handelman Co. raised its position in Check Point Software Technologies by 9.3% in the 1st quarter. Meyer Handelman Co. now owns 45,239 shares of the technology company's stock valued at $10,311,000 after buying an additional 3,850 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Check Point Software Technologies by 20,320.8% in the 1st quarter. GAMMA Investing LLC now owns 35,328 shares of the technology company's stock worth $8,052,000 after acquiring an additional 35,155 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Check Point Software Technologies by 2.5% in the first quarter. Moody National Bank Trust Division now owns 3,074 shares of the technology company's stock valued at $701,000 after purchasing an additional 74 shares during the last quarter. Cadinha & Co. LLC lifted its position in shares of Check Point Software Technologies by 546.7% during the first quarter. Cadinha & Co. LLC now owns 71,350 shares of the technology company's stock valued at $16,262,000 after purchasing an additional 60,317 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Check Point Software Technologies by 5,294.4% during the first quarter. Versant Capital Management Inc now owns 971 shares of the technology company's stock worth $221,000 after purchasing an additional 953 shares during the last quarter. Institutional investors and hedge funds own 98.51% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CHKP shares. Arete Research raised shares of Check Point Software Technologies to a "hold" rating in a research 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. Wedbush restated an "outperform" rating and issued a $240.00 price objective on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Bank of America raised Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their target price for the company from $230.00 to $260.00 in a research report on Thursday, March 27th. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $250.00 price target on shares of Check Point Software Technologies in a report on Wednesday, April 23rd. Sixteen 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. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Trading Down 0.0%

Shares of Check Point Software Technologies stock traded down $0.01 on Tuesday, hitting $229.88. 429,204 shares of the company traded hands, compared to its average volume of 779,613. Check Point Software Technologies Ltd. has a 12-month low of $148.33 and a 12-month high of $234.36. The company has a market cap of $25.28 billion, a P/E ratio of 30.77, a P/E/G ratio of 3.41 and a beta of 0.66. The firm's 50-day simple moving average is $219.08 and its 200 day simple moving average is $207.60.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data 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. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The firm had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. During the same period in the previous year, the business posted $2.04 EPS. The business's quarterly revenue was up 6.5% on a year-over-year basis. Analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current 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.