Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Cwm LLC

Cwm LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 47,258 shares of the technology company’s stock after selling 3,780 shares during the period. Cwm LLC’s holdings in Check Point Software Technologies were worth $7,751,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHKP. Ariel Investments LLC grew its position in Check Point Software Technologies by 121.2% in the 3rd quarter. Ariel Investments LLC now owns 1,083,364 shares of the technology company’s stock valued at $144,391,000 after buying an additional 593,623 shares in the last quarter. Morningstar Investment Services LLC bought a new position in Check Point Software Technologies in the 3rd quarter valued at about $65,522,000. Boston Trust Walden Corp grew its position in Check Point Software Technologies by 248.8% in the 4th quarter. Boston Trust Walden Corp now owns 306,201 shares of the technology company’s stock valued at $46,784,000 after buying an additional 218,403 shares in the last quarter. Norges Bank bought a new position in Check Point Software Technologies in the 4th quarter valued at about $29,801,000. Finally, Envestnet Asset Management Inc. grew its position in Check Point Software Technologies by 107.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 361,973 shares of the technology company’s stock valued at $48,244,000 after buying an additional 187,314 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. TD Cowen upped their price target 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 price target on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Wedbush reissued an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a report on Friday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Finally, Barclays upped their price target on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $169.18.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $159.12 on Thursday. The company has a market capitalization of $17.97 billion, a price-to-earnings ratio of 22.10, a P/E/G ratio of 2.49 and a beta of 0.61. Check Point Software Technologies Ltd. has a fifty-two week low of $122.86 and a fifty-two week high of $168.82. The business’s 50-day moving average is $154.16 and its 200-day moving average is $156.74.

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. The company had revenue of $598.80 million for the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.79 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.