MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 24,170 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,038 shares of the technology company's stock after selling 24,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.25% of Check Point Software Technologies worth $51,724,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Gitterman Wealth Management LLC raised its stake in Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company's stock valued at $286,000 after acquiring an additional 48 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Check Point Software Technologies by 1.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company's stock worth $578,000 after buying an additional 52 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in Check Point Software Technologies by 0.9% in the fourth quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company's stock worth $1,121,000 after buying an additional 56 shares in the last quarter. Regatta Capital Group LLC boosted its stake in Check Point Software Technologies by 4.9% in the fourth quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company's stock worth $229,000 after buying an additional 57 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its position in Check Point Software Technologies by 3.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company's stock valued at $353,000 after purchasing an additional 57 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Up 1.2%

NASDAQ CHKP traded up $2.58 during trading hours on Friday, reaching $218.68. The company's stock had a trading volume of 519,217 shares, compared to its average volume of 779,060. The firm's 50-day moving average price is $219.41 and its 200-day moving average price is $203.33. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $234.36. The company has a market capitalization of $24.05 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping analysts' consensus estimates of $2.19 by $0.02. Check Point Software Technologies had a return on equity of 32.40% and a net margin of 32.97%. The company had revenue of $637.80 million for the quarter, compared to analysts' expectations of $635.80 million. During the same period in the previous year, the firm earned $2.04 EPS. The firm's revenue was up 6.5% compared to the same quarter last year. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Susquehanna boosted their price objective on Check Point Software Technologies from $215.00 to $255.00 and gave the company a "positive" rating in a research report on Friday, January 31st. Cantor Fitzgerald reiterated a "neutral" rating and issued a $200.00 price objective on shares of Check Point Software Technologies in a report on Monday, January 27th. Wells Fargo & Company cut their target price on Check Point Software Technologies from $280.00 to $265.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 target price on shares of Check Point Software Technologies in a research note on Thursday, February 27th. Finally, Piper Sandler raised Check Point Software Technologies from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $220.00 to $260.00 in a research report on Monday, March 3rd. Sixteen 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's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $232.04.

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.