Philip James Wealth Mangement LLC Sells 4,719 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Philip James Wealth Mangement LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 48.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,074 shares of the technology company's stock after selling 4,719 shares during the period. 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 (SEC).

Other hedge funds also recently bought and sold shares of the company. Gitterman Wealth Management LLC boosted its holdings in shares of Check Point Software Technologies by 3.2% in the fourth quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock worth $286,000 after buying an additional 48 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after purchasing an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Check Point Software Technologies by 19.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company's stock valued at $77,000 after purchasing an additional 55 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Check Point Software Technologies by 0.4% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,661 shares of the technology company's stock valued at $2,737,000 after buying an additional 61 shares in the last quarter. Finally, State of Wyoming grew its stake in shares of Check Point Software Technologies by 3.2% during the 4th quarter. State of Wyoming now owns 2,161 shares of the technology company's stock valued at $403,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Stock Down 0.0%

Shares of CHKP opened at $218.88 on Friday. The company has a market capitalization of $24.07 billion, a PE ratio of 28.88, a P/E/G ratio of 3.13 and a beta of 0.66. The company has a 50-day simple moving average of $220.33 and a 200-day simple moving average of $212.34. Check Point Software Technologies Ltd. has a 52-week low of $155.84 and a 52-week high of $234.36.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. The firm 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 32.88% and a net margin of 32.75%. The firm's quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.04 EPS. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current year.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of research analyst reports. Bank of America upgraded 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 research report on Thursday, March 27th. Baird R W raised shares of Check Point Software Technologies from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 27th. Scotiabank cut their price objective 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 report on Thursday, April 24th. Wall Street Zen raised shares of Check Point Software Technologies from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. Finally, Mizuho raised their price target on shares of Check Point Software Technologies from $230.00 to $240.00 and gave the stock a "neutral" rating in a research report on Monday, June 16th. Sixteen investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $232.44.

About Check Point Software Technologies

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.

Want to see what other hedge funds are holding CHKP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.