Vontobel Holding Ltd. Sells 12,737 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Vontobel Holding Ltd. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 13.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,369 shares of the technology company's stock after selling 12,737 shares during the period. Vontobel Holding Ltd. owned approximately 0.08% of Check Point Software Technologies worth $19,229,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Nemes Rush Group LLC bought a new position in Check Point Software Technologies in the fourth quarter valued at approximately $25,000. Capital A Wealth Management LLC bought a new stake in Check Point Software Technologies in the 4th quarter valued at $29,000. Quarry LP boosted its stake in Check Point Software Technologies by 100.0% in the 4th 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. Menard Financial Group LLC bought a new position in Check Point Software Technologies during the 4th quarter worth about $41,000. Finally, Bernard Wealth Management Corp. acquired a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $76,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Up 1.9%

Shares of CHKP stock traded up $4.19 during trading on Friday, reaching $223.58. 304,434 shares of the company's stock were exchanged, compared to its average volume of 785,871. The stock has a market capitalization of $24.59 billion, a PE ratio of 29.50, a PEG ratio of 3.20 and a beta of 0.64. Check Point Software Technologies Ltd. has a twelve month low of $167.54 and a twelve month high of $234.36. The firm's fifty day moving average price is $221.75 and its 200-day moving average price is $213.92.

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 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 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 revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.04 EPS. As a group, analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHKP. Stephens reduced their price objective on Check Point Software Technologies from $255.00 to $229.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Roth Capital initiated coverage on Check Point Software Technologies in a research report on Wednesday, April 23rd. They issued a "neutral" rating and a $215.00 target price on the stock. Morgan Stanley dropped their target price on Check Point Software Technologies from $235.00 to $220.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Wedbush reissued an "outperform" rating and issued a $240.00 target price on shares of Check Point Software Technologies in a research report on Thursday, April 24th. Finally, Scotiabank dropped their target price on 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. 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $232.44.

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.