PNC Financial Services Group Inc. Sells 728 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

PNC Financial Services Group Inc. lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,557 shares of the technology company’s stock after selling 728 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Check Point Software Technologies were worth $11,697,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Check Point Software Technologies by 23.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 134,382 shares of the technology company’s stock valued at $17,910,000 after purchasing an additional 25,180 shares in the last quarter. Pathstone Family Office LLC purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $388,000. Rhumbline Advisers boosted its holdings in Check Point Software Technologies by 5.6% in the 3rd quarter. Rhumbline Advisers now owns 38,247 shares of the technology company’s stock worth $5,098,000 after buying an additional 2,042 shares during the period. Kestra Advisory Services LLC increased its stake in Check Point Software Technologies by 7.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 4,836 shares of the technology company’s stock worth $645,000 after buying an additional 334 shares in the last quarter. Finally, Korea Investment CORP raised its holdings in Check Point Software Technologies by 6.5% during the third quarter. Korea Investment CORP now owns 35,522 shares of the technology company’s stock valued at $4,734,000 after acquiring an additional 2,155 shares during the period. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a research report on Friday, April 26th. TD Cowen increased their price objective on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Mizuho reissued a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Stifel Nicolaus cut their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus price target of $169.18.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $159.12 on Wednesday. The company’s 50-day simple moving average is $154.27 and its two-hundred day simple moving average is $156.73. Check Point Software Technologies Ltd. has a one year low of $122.86 and a one year high of $168.82. The company has a market capitalization of $17.97 billion, a P/E ratio of 22.10, a P/E/G ratio of 2.47 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, April 25th. The technology company reported $1.72 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The business had revenue of $598.80 million during the quarter, compared to analyst estimates of $595.28 million. On average, research analysts expect that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

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.