Evergreen Capital Management LLC Sells 424 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Evergreen Capital Management LLC lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,112 shares of the technology company’s stock after selling 424 shares during the quarter. Evergreen Capital Management LLC’s holdings in Check Point Software Technologies were worth $4,473,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies during the 2nd quarter worth $30,000. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the 1st quarter valued at about $31,000. Richardson Financial Services Inc. bought a new stake in shares of Check Point Software Technologies in the 4th quarter valued at about $33,000. Transcendent Capital Group LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $107,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $117,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Up 0.7 %

Shares of Check Point Software Technologies stock opened at $195.47 on Tuesday. The firm has a market cap of $22.07 billion, a PE ratio of 27.15, a P/E/G 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 $196.56. The business has a 50-day moving average price of $184.95 and a 200 day moving average price of $168.13.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. During the same period in the previous year, the business earned $1.74 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CHKP. Wedbush boosted their price objective on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. BMO Capital Markets boosted their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research report on Thursday, July 25th. Royal Bank of Canada raised their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Jefferies Financial Group boosted their target price on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. Finally, Susquehanna increased their price target on shares of 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. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average target price 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.