Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Meitav Investment House Ltd.

Meitav Investment House Ltd. decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 86.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,637 shares of the technology company's stock after selling 108,613 shares during the quarter. Meitav Investment House Ltd.'s holdings in Check Point Software Technologies were worth $2,540,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Cardinal Capital Management raised its holdings in Check Point Software Technologies by 2.8% in the 4th quarter. Cardinal Capital Management now owns 6,772 shares of the technology company's stock worth $1,035,000 after purchasing an additional 184 shares during the period. Janiczek Wealth Management LLC raised its holdings in Check Point Software Technologies by 29.3% in the 4th quarter. Janiczek Wealth Management LLC now owns 1,349 shares of the technology company's stock worth $206,000 after purchasing an additional 306 shares during the period. Cerity Partners LLC raised its holdings in Check Point Software Technologies by 6.5% in the 4th quarter. Cerity Partners LLC now owns 3,778 shares of the technology company's stock worth $577,000 after purchasing an additional 230 shares during the period. Custom Index Systems LLC acquired a new position in Check Point Software Technologies in the 4th quarter worth about $490,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Check Point Software Technologies by 15.6% in the 4th quarter. Sequoia Financial Advisors LLC now owns 4,842 shares of the technology company's stock worth $740,000 after purchasing an additional 653 shares during the period. Institutional investors and hedge funds own 87.62% of the company's stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded down $1.41 during mid-day trading on Friday, hitting $161.73. The company had a trading volume of 739,798 shares, compared to its average volume of 716,683. The company has a market capitalization of $19.53 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 2.67 and a beta of 0.61. Check Point Software Technologies Ltd. has a 1-year low of $117.18 and a 1-year high of $168.82. The business's 50-day simple moving average is $162.63 and its 200 day simple moving average is $151.27.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analysts' expectations of $662.09 million. Check Point Software Technologies had a return on equity of 30.81% and a net margin of 34.80%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the firm earned $2.23 earnings per share. On average, analysts expect that Check Point Software Technologies Ltd. will post 7.85 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CHKP. Scotiabank increased their target price on Check Point Software Technologies from $170.00 to $180.00 and gave the company a "sector outperform" rating in a report on Wednesday, February 7th. Wedbush restated an "outperform" rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research report on Wednesday. BMO Capital Markets increased their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 7th. Truist Financial increased their price objective on Check Point Software Technologies from $170.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, February 7th. Finally, William Blair upgraded Check Point Software Technologies from a "market perform" rating to an "outperform" rating in a research report on Wednesday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has an average rating of "Hold" and a consensus price target of $159.70.

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.