Blair William & Co. IL Sells 162 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Blair William & Co. IL trimmed its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,006 shares of the technology company’s stock after selling 162 shares during the quarter. Blair William & Co. IL’s holdings in Check Point Software Technologies were worth $2,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth about $6,558,000. Principal Financial Group Inc. grew its stake in Check Point Software Technologies by 69.3% during the fourth quarter. Principal Financial Group Inc. now owns 27,026 shares of the technology company’s stock worth $4,129,000 after purchasing an additional 11,064 shares during the period. Quantbot Technologies LP acquired a new stake in Check Point Software Technologies during the first quarter worth approximately $1,095,000. Envestnet Asset Management Inc. grew its stake in Check Point Software Technologies by 4.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 379,889 shares of the technology company’s stock worth $58,043,000 after purchasing an additional 17,916 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in Check Point Software Technologies by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock worth $15,980,000 after purchasing an additional 7,357 shares during the period. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Robert W. Baird raised their target price on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada raised their target price on 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. Truist Financial reaffirmed a “buy” rating and set a $200.00 target price (up previously from $175.00) on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Barclays raised their target price on Check Point Software Technologies from $175.00 to $192.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, BMO Capital Markets raised their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “market perform” rating in a research note 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. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $183.68.

Check Point Software Technologies Stock Up 1.6 %

Shares of NASDAQ:CHKP opened at $194.09 on Monday. The stock has a market cap of $21.91 billion, a price-to-earnings ratio of 26.96, a PEG ratio of 2.96 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $126.57 and a 12-month high of $195.29. The business’s 50 day moving average is $184.48 and its 200 day moving average is $167.87.

Check Point Software Technologies (NASDAQ:CHKP) last issued 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 return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.74 earnings per share. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current 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.