University of Texas Texas AM Investment Management Co. Sells 5,882 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

University of Texas Texas AM Investment Management Co. cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 79.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,478 shares of the technology company’s stock after selling 5,882 shares during the period. University of Texas Texas AM Investment Management Co.’s holdings in Check Point Software Technologies were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies during the second quarter worth about $30,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies during the 1st quarter worth approximately $31,000. Richardson Financial Services Inc. acquired a new stake in shares of Check Point Software Technologies in the fourth quarter valued at approximately $33,000. Transcendent Capital Group LLC bought a new stake in shares of Check Point Software Technologies in the first quarter worth $107,000. Finally, Alaska Permanent Fund Corp bought a new stake in shares of Check Point Software Technologies in the first quarter worth $117,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $188.99 on Wednesday. The firm has a market cap of $21.34 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 3.05 and a beta of 0.62. The stock’s fifty day moving average price is $187.55 and its two-hundred day moving average price is $169.37. Check Point Software Technologies Ltd. has a one year low of $126.57 and a one year high of $196.56.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business 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%. Check Point Software Technologies’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $1.74 earnings per share. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CHKP. Jefferies Financial Group raised their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. BMO Capital Markets lifted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a research report on Thursday, July 25th. Deutsche Bank Aktiengesellschaft increased their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Scotiabank boosted their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 25th. Finally, JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $184.47.

Check Point Software Technologies Company 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.