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

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

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA increased its holdings in shares of Check Point Software Technologies by 2.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after purchasing an additional 114,938 shares during the period. Acadian Asset Management LLC increased its holdings in shares of Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after purchasing an additional 391,983 shares during the period. Boston Partners increased its holdings in shares of Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after purchasing an additional 419,404 shares during the period. Ninety One UK Ltd increased its holdings in shares of Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock worth $595,450,000 after purchasing an additional 39,092 shares during the period. Finally, Nordea Investment Management AB increased its holdings in shares of Check Point Software Technologies by 3.0% during the first quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after purchasing an additional 77,849 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of CHKP traded up $3.03 during mid-day trading on Friday, reaching $193.93. 317,828 shares of the company were exchanged, compared to its average volume of 670,239. The business has a 50 day simple moving average of $188.19 and a two-hundred day simple moving average of $169.86. The stock has a market capitalization of $21.90 billion, a PE ratio of 26.93, a PEG ratio of 3.05 and a beta of 0.62. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $196.56.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. During the same quarter last year, the business earned $1.74 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a report on Thursday, July 25th. Jefferies Financial Group increased their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. increased their price target on shares of Check Point Software Technologies from $175.00 to $180.00 and gave the stock 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, Robert W. Baird increased their price target on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $184.47.

Check Point Software Technologies 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.