Mount Yale Investment Advisors LLC Sells 3,703 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mount Yale Investment Advisors LLC lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 41.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,311 shares of the technology company’s stock after selling 3,703 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $876,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CHKP. Massachusetts Financial Services Co. MA boosted its stake in Check Point Software Technologies by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after purchasing an additional 114,938 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Check Point Software Technologies by 10.5% in 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 boosted its position in shares of Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after buying an additional 419,404 shares during the period. Ninety One UK Ltd boosted its position in shares of Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after buying an additional 39,092 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of 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 worth $440,266,000 after buying an additional 77,849 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Trading Up 1.6 %

CHKP opened at $194.09 on Monday. The stock’s fifty day simple moving average is $184.48 and its 200 day simple moving average is $167.87. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $195.29. The stock has a market cap of $21.91 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 2.96 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. The company had revenue of $627.40 million for the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. Equities analysts forecast that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Evercore ISI upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, September 16th. Jefferies Financial Group boosted their price objective on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. Scotiabank raised their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 25th. Robert W. Baird lifted their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. Finally, Royal Bank of Canada increased their price objective on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $183.68.

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.