Richard P Slaughter Associates Inc Sells 6,069 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Richard P Slaughter Associates Inc lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 37.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,005 shares of the technology company's stock after selling 6,069 shares during the period. Richard P Slaughter Associates Inc's holdings in Check Point Software Technologies were worth $2,280,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CHKP. Norges Bank acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $428,820,000. Clearbridge Investments LLC purchased a new position in Check Point Software Technologies in the 4th quarter valued at about $100,456,000. Causeway Capital Management LLC boosted its position in Check Point Software Technologies by 33.8% during the fourth quarter. Causeway Capital Management LLC now owns 1,929,604 shares of the technology company's stock worth $360,257,000 after acquiring an additional 487,823 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in Check Point Software Technologies in the fourth quarter valued at $73,186,000. Finally, First Trust Advisors LP lifted its holdings in shares of Check Point Software Technologies by 17.4% during the 4th quarter. First Trust Advisors LP now owns 1,822,787 shares of the technology company's stock worth $340,314,000 after acquiring an additional 269,925 shares during the period. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded up $0.20 during midday trading on Thursday, reaching $231.11. 683,550 shares of the company's stock traded hands, compared to its average volume of 780,433. Check Point Software Technologies Ltd. has a 12 month low of $151.01 and a 12 month high of $234.36. The company has a market cap of $25.42 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 3.41 and a beta of 0.66. The stock has a 50 day moving average of $219.10 and a 200-day moving average of $207.92.

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. The business had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The business's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.04 earnings per share. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CHKP shares. Needham & Company LLC reissued a "hold" rating on shares of Check Point Software Technologies in a research report on Thursday, February 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. Wedbush reiterated an "outperform" rating and issued a $240.00 price target on shares of Check Point Software Technologies in a report on Thursday, April 24th. Piper Sandler upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $220.00 to $260.00 in a research note on Monday, March 3rd. Finally, Scotiabank dropped 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 report on Thursday, April 24th. Sixteen equities research 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. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of "Hold" and an average price target of $232.04.

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.