Curbstone Financial Management Corp cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,678 shares of the technology company’s stock after selling 550 shares during the period. Curbstone Financial Management Corp’s holdings in Check Point Software Technologies were worth $2,095,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. Aspire Private Capital LLC acquired a new position in shares of Check Point Software Technologies during the first quarter worth $27,820,000,000. Resurgent Financial Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the fourth quarter valued at about $28,000. ZRC Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth about $38,000. Trifecta Capital Advisors LLC grew its holdings in shares of Check Point Software Technologies by 39.0% during the first quarter. Trifecta Capital Advisors LLC now owns 303 shares of the technology company’s stock worth $39,000 after buying an additional 85 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in Check Point Software Technologies by 86.3% in the 4th quarter. EverSource Wealth Advisors LLC now owns 339 shares of the technology company’s stock valued at $43,000 after acquiring an additional 157 shares during the period. Hedge funds and other institutional investors own 68.34% of the company’s stock.
Analyst Ratings Changes
A number of research firms have weighed in on CHKP. Robert W. Baird increased their price objective on Check Point Software Technologies from $130.00 to $140.00 in a research report on Tuesday, July 25th. Morgan Stanley lifted their price objective on shares of Check Point Software Technologies from $116.00 to $118.00 and gave the company an “underweight” rating in a research report on Thursday, July 27th. Mizuho upped their price objective on shares of Check Point Software Technologies from $130.00 to $135.00 in a research report on Monday, July 17th. StockNews.com started coverage on shares of Check Point Software Technologies in a report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, Barclays increased their price target on shares of Check Point Software Technologies from $127.00 to $137.00 and gave the stock an “equal weight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $136.59.
Check Point Software Technologies Stock Up 0.5 %
Shares of CHKP traded up $0.74 during mid-day trading on Thursday, reaching $135.30. 52,802 shares of the company’s stock were exchanged, compared to its average volume of 861,895. The company has a 50-day simple moving average of $130.61 and a two-hundred day simple moving average of $127.78. The company has a market cap of $16.34 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 2.50 and a beta of 0.65. Check Point Software Technologies Ltd. has a 52-week low of $107.54 and a 52-week high of $136.58.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) last issued its quarterly earnings data on Wednesday, July 26th. The technology company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.90 by $0.10. The business had revenue of $588.70 million for the quarter, compared to the consensus estimate of $589.66 million. Check Point Software Technologies had a return on equity of 29.80% and a net margin of 35.43%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.40 earnings per share. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 7.14 EPS for the current fiscal year.
Check Point Software Technologies Company Profile
Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.
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