Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 48.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,074 shares of the technology company's stock after selling 4,719 shares during the quarter. Philip James Wealth Mangement LLC's holdings in Check Point Software Technologies were worth $1,156,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHKP. Sanctuary Advisors LLC raised its stake in shares of Check Point Software Technologies by 4.9% in the 4th quarter. Sanctuary Advisors LLC now owns 4,924 shares of the technology company's stock valued at $919,000 after acquiring an additional 231 shares during the period. NewEdge Wealth LLC increased its holdings in Check Point Software Technologies by 6.9% in the 4th quarter. NewEdge Wealth LLC now owns 23,619 shares of the technology company's stock valued at $4,410,000 after purchasing an additional 1,523 shares during the last quarter. New York Life Investment Management LLC lifted its stake in Check Point Software Technologies by 22.3% during the fourth quarter. New York Life Investment Management LLC now owns 2,053 shares of the technology company's stock worth $383,000 after purchasing an additional 375 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of Check Point Software Technologies by 96.2% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 7,881 shares of the technology company's stock valued at $1,471,000 after buying an additional 3,865 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $13,838,000. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 2.2%

NASDAQ:CHKP traded up $4.80 during mid-day trading on Monday, hitting $221.25. The company had a trading volume of 665,544 shares, compared to its average volume of 912,667. The business has a fifty day simple moving average of $220.36 and a 200-day simple moving average of $212.88. The firm has a market capitalization of $24.33 billion, a price-to-earnings ratio of 29.19, a PEG ratio of 3.09 and a beta of 0.66. Check Point Software Technologies Ltd. has a 1 year low of $163.08 and a 1 year high of $234.35.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.19 by $0.02. The business had revenue of $637.80 million during the quarter, compared to analyst estimates of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The company's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.04 earnings per share. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CHKP shares. Wedbush restated an "outperform" rating and set a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Bank of America upgraded shares of Check Point Software Technologies from a "neutral" rating to a "buy" rating and raised their price objective for the company from $230.00 to $260.00 in a report on Thursday, March 27th. Roth Capital started coverage on Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 price target on the stock. Piper Sandler raised shares of Check Point Software Technologies from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $220.00 to $260.00 in a report on Monday, March 3rd. Finally, Morgan Stanley reduced their price target on shares of Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Sixteen research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $232.44.

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.