Alpha Omega Wealth Management LLC Sells 76 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Alpha Omega Wealth Management LLC lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,058 shares of the technology company’s stock after selling 76 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Check Point Software Technologies were worth $590,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Argonautica Private Wealth Management Inc. raised its position in shares of Check Point Software Technologies by 1.3% during the 2nd quarter. Argonautica Private Wealth Management Inc. now owns 5,928 shares of the technology company’s stock valued at $978,000 after acquiring an additional 78 shares during the last quarter. Guardian Wealth Management Inc. raised its position in shares of Check Point Software Technologies by 0.5% during the 4th quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after acquiring an additional 85 shares during the last quarter. Heron Bay Capital Management raised its position in shares of Check Point Software Technologies by 0.3% during the 2nd quarter. Heron Bay Capital Management now owns 32,873 shares of the technology company’s stock valued at $5,424,000 after acquiring an additional 92 shares during the last quarter. Mather Group LLC. raised its position in shares of Check Point Software Technologies by 5.1% during the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after acquiring an additional 99 shares during the last quarter. Finally, Butensky & Cohen Financial Security Inc. increased its position in shares of Check Point Software Technologies by 0.4% in the 1st quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock valued at $4,342,000 after buying an additional 102 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CHKP. Truist Financial restated a “buy” rating and issued a $200.00 price objective (up previously from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Scotiabank upped their price objective 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 upped their price objective on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Evercore ISI upgraded shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, September 16th. Finally, BMO Capital Markets upped their price objective on shares of 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. Sixteen investment 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.com, the company presently has an average rating of “Hold” and a consensus price target of $184.47.

Check Point Software Technologies Trading Up 1.6 %

Shares of Check Point Software Technologies stock traded up $3.03 during trading hours on Friday, reaching $193.93. 317,828 shares of the company’s stock were exchanged, compared to its average volume of 670,239. Check Point Software Technologies Ltd. has a fifty-two week low of $126.57 and a fifty-two week high of $196.56. The stock has a market cap of $21.90 billion, a P/E ratio of 26.93, a P/E/G ratio of 3.05 and a beta of 0.62. The company has a 50 day moving average of $188.19 and a two-hundred day moving average of $169.86.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $623.19 million. During the same period last year, the business posted $1.74 EPS. Check Point Software Technologies’s revenue was up 6.6% on a year-over-year basis. As a group, analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal 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.