Carolinas Wealth Consulting LLC Sells 115 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Carolinas Wealth Consulting LLC trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600 shares of the technology company’s stock after selling 115 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Check Point Software Technologies were worth $99,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its position in Check Point Software Technologies by 2.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after acquiring an additional 114,938 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares in the last quarter. Boston Partners grew its stake in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after purchasing an additional 419,404 shares during the period. Ninety One UK Ltd raised its holdings in Check Point Software Technologies by 1.1% in the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after purchasing an additional 39,092 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock valued at $440,266,000 after buying an additional 77,849 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Down 1.4 %

Shares of NASDAQ:CHKP opened at $188.99 on Thursday. The firm’s 50 day moving average price is $183.61 and its 200-day moving average price is $167.32. The stock has a market capitalization of $21.34 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a twelve month low of $126.57 and a twelve month high of $195.29.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same quarter last year, the company posted $1.74 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CHKP. BMO Capital Markets increased their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Wedbush lifted their target price on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Susquehanna raised their price objective on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research report on Thursday, July 25th. Barclays boosted their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Truist Financial reissued a “buy” rating and set a $200.00 price objective (up from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $183.68.

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.