Tower Research Capital LLC TRC Sells 4,397 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Tower Research Capital LLC TRC decreased its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP - Free Report) by 90.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 449 shares of the technology company's stock after selling 4,397 shares during the quarter. Tower Research Capital LLC TRC's holdings in Check Point Software Technologies were worth $84,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. World Investment Advisors grew its position in Check Point Software Technologies by 4.4% during the 4th quarter. World Investment Advisors now owns 30,041 shares of the technology company's stock worth $5,609,000 after purchasing an additional 1,278 shares during the last quarter. Crux Wealth Advisors purchased a new position in shares of Check Point Software Technologies in the fourth quarter valued at $542,000. Truist Financial Corp raised its holdings in Check Point Software Technologies by 2.6% in the fourth quarter. Truist Financial Corp now owns 119,504 shares of the technology company's stock valued at $22,311,000 after acquiring an additional 3,080 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings in shares of Check Point Software Technologies by 99.3% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,973 shares of the technology company's stock worth $928,000 after acquiring an additional 2,478 shares during the period. Finally, Hickory Asset Management Inc. bought a new position in Check Point Software Technologies in the 4th quarter valued at about $476,000. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CHKP. Royal Bank of Canada reissued a "sector perform" rating and issued a $215.00 price target on shares of Check Point Software Technologies in a research report on Thursday, February 27th. Jefferies Financial Group upped their price target on Check Point Software Technologies from $250.00 to $255.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Guggenheim reaffirmed a "neutral" rating on shares of Check Point Software Technologies in a research note on Friday, January 31st. JPMorgan Chase & Co. upgraded Check Point Software Technologies from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $221.00 to $255.00 in a report on Wednesday, February 26th. Finally, Mizuho raised their price objective on Check Point Software Technologies from $220.00 to $230.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Eighteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $232.04.

Check Point Software Technologies Stock Up 0.3%

NASDAQ:CHKP traded up $0.64 on Tuesday, reaching $217.87. 923,737 shares of the company's stock traded hands, compared to its average volume of 782,481. Check Point Software Technologies Ltd. has a 12 month low of $145.75 and a 12 month high of $234.36. The stock has a 50-day simple moving average of $220.09 and a 200-day simple moving average of $202.81. The firm has a market cap of $23.96 billion, a PE ratio of 29.17, a P/E/G ratio of 3.41 and a beta of 0.66.

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

About Check Point Software Technologies

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.