Oppenheimer & Co. Inc. Decreases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oppenheimer & Co. Inc. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKPFree Report) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,992 shares of the technology company’s stock after selling 129 shares during the period. Oppenheimer & Co. Inc.’s holdings in Check Point Software Technologies were worth $2,749,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at approximately $30,000. Salem Investment Counselors Inc. boosted its position in shares of Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after purchasing an additional 237 shares in the last quarter. Operose Advisors LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth $55,000. Y.D. More Investments Ltd increased its position in Check Point Software Technologies by 37.0% during the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock valued at $76,000 after buying an additional 135 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in Check Point Software Technologies during the 4th quarter valued at about $92,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CHKP. TD Cowen raised their price target on Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Wedbush reissued 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. Mizuho restated a “neutral” rating and set a $160.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Stifel Nicolaus lowered their price objective 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, KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Thirteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $169.18.

Read Our Latest Stock Analysis on Check Point Software Technologies

Check Point Software Technologies Stock Performance

Shares of NASDAQ CHKP opened at $156.41 on Friday. The company has a market capitalization of $17.66 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 2.43 and a beta of 0.61. The company’s fifty day moving average price is $155.18 and its 200 day moving average price is $155.97. Check Point Software Technologies Ltd. has a 1 year low of $122.86 and a 1 year high of $168.82.

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

Check Point Software Technologies Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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