Vestcor Inc Sells 2,787 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vestcor Inc lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,149 shares of the technology company's stock after selling 2,787 shares during the period. Vestcor Inc owned about 0.07% of Check Point Software Technologies worth $17,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CHKP. Nemes Rush Group LLC bought a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new position in shares of Check Point Software Technologies during the fourth quarter worth approximately $29,000. Cromwell Holdings LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth approximately $37,000. Quarry LP increased its stake in shares of Check Point Software Technologies by 100.0% during the fourth quarter. Quarry LP now owns 206 shares of the technology company's stock worth $38,000 after purchasing an additional 103 shares during the period. Finally, Abound Financial LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth approximately $40,000. Institutional investors own 98.51% of the company's stock.

Check Point Software Technologies Trading Up 1.3%

NASDAQ:CHKP traded up $2.38 during trading hours on Friday, hitting $188.58. 1,821,631 shares of the company were exchanged, compared to its average volume of 929,086. The stock has a market capitalization of $20.74 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 2.67 and a beta of 0.64. Check Point Software Technologies Ltd. has a one year low of $169.01 and a one year high of $234.35. The company has a fifty day simple moving average of $221.33 and a 200 day simple moving average of $217.87.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its earnings results 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 business had revenue of $665.20 million during the quarter, compared to analyst estimates of $663.10 million. Check Point Software Technologies had a return on equity of 33.35% and a net margin of 32.48%. Check Point Software Technologies's revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $2.17 EPS. Equities research analysts predict that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CHKP shares. Wells Fargo & Company lowered their target price on Check Point Software Technologies from $265.00 to $225.00 and set an "overweight" rating on the stock in a research note on Thursday. Jefferies Financial Group reissued a "buy" rating and set a $230.00 price target (down previously from $260.00) on shares of Check Point Software Technologies in a research report on Thursday. Royal Bank Of Canada reduced their target price on Check Point Software Technologies from $224.00 to $207.00 and set a "sector perform" rating on the stock in a report on Thursday. Stephens reduced their target price on Check Point Software Technologies from $229.00 to $210.00 and set an "equal weight" rating on the stock in a report on Thursday. Finally, Barclays set a $215.00 target price on Check Point Software Technologies and gave the company an "equal weight" rating in a report on Thursday. Fifteen research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $228.08.

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.