Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 16.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,392 shares of the technology company's stock after selling 12,728 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.05% of Check Point Software Technologies worth $10,725,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CHKP. Acadian Asset Management LLC increased its holdings in Check Point Software Technologies by 1.6% during the 3rd quarter. Acadian Asset Management LLC now owns 4,348,630 shares of the technology company's stock worth $579,517,000 after purchasing an additional 69,441 shares during the last quarter. Boston Partners raised its holdings in Check Point Software Technologies by 5.0% in the fourth quarter. Boston Partners now owns 3,204,519 shares of the technology company's stock valued at $489,700,000 after acquiring an additional 151,657 shares in the last quarter. Nordea Investment Management AB boosted its stake in Check Point Software Technologies by 0.3% during the 3rd quarter. Nordea Investment Management AB now owns 2,727,583 shares of the technology company's stock valued at $365,851,000 after acquiring an additional 7,493 shares during the last quarter. Legal & General Group Plc grew its holdings in Check Point Software Technologies by 3.4% during the 3rd quarter. Legal & General Group Plc now owns 1,626,814 shares of the technology company's stock worth $216,822,000 after acquiring an additional 52,863 shares in the last quarter. Finally, Ariel Investments LLC increased its position in shares of Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company's stock worth $144,391,000 after purchasing an additional 593,623 shares during the last quarter. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP traded up $1.73 during midday trading on Friday, reaching $151.20. 523,713 shares of the company traded hands, compared to its average volume of 716,676. The company has a market cap of $18.26 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 2.43 and a beta of 0.64. The stock has a 50-day moving average price of $160.51 and a 200 day moving average price of $153.40. Check Point Software Technologies Ltd. has a 52 week low of $118.21 and a 52 week high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting analysts' consensus estimates of $1.72. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. As a group, analysts expect that Check Point Software Technologies Ltd. will post 7.79 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 10th. Citigroup upped their price target on Check Point Software Technologies from $140.00 to $155.00 and gave the company a "neutral" rating in a research report on Wednesday, January 10th. Mizuho reaffirmed a "neutral" rating and issued a $160.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Stifel Nicolaus dropped their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a "hold" rating on the stock in a report on Friday, April 26th. Finally, TD Cowen lifted their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an "outperform" rating in a report on Monday, March 18th. Twelve equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $169.18.

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.

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