Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,498 shares of the technology company’s stock after selling 254 shares during the period. Stifel Financial Corp’s holdings in Check Point Software Technologies were worth $2,024,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHKP. FSA Wealth Management LLC purchased a new stake in Check Point Software Technologies during the 3rd quarter valued at about $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the third quarter valued at approximately $33,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies in the third quarter valued at approximately $37,000. Arrow Financial Corp increased its holdings in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after buying an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth approximately $60,000. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $187.01 on Friday. The firm has a market capitalization of $20.57 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70. The firm’s 50-day moving average is $187.00 and its two-hundred day moving average is $181.52.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the prior year, the company earned $1.80 earnings per share. The company’s revenue was up 6.5% on a year-over-year basis. Analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. BMO Capital Markets increased their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Robert W. Baird dropped their price objective on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $220.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $199.05.

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.