Nisa Investment Advisors LLC has closed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report) fell 5.4% in the third quarter, the company said in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,973 shares of the technology company, after selling 686 shares during the period. Nisa Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $2,309,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently changed their holdings of CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies worth $30,000 during the second quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $33,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the third quarter valued at $37,000. FSC Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $60,000. Finally, Sound Income Strategies LLC increased its holdings in Check Point Software Technologies by 654.4% in the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock worth $83,000 after acquiring an additional 373 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s shares.
Wall Street analysts predict growth
Several research firms have released reports on CHKP. Wedbush raised their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9. Susquehanna raised their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research note on Wednesday. BMO Capital Markets lifted their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25. Finally, Bank of America downgraded shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $205.00 to $195.00 in a research note on Wednesday. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $197.74.
Get our latest analysis on Check Point software technologies
Check Point Software Technologies shares fell 1.6%
NASDAQ CHKP opened at $170.50 on Friday. The stock has a market cap of $18.75 billion, a price-to-earnings ratio of 23.29, a price-to-earnings ratio of 2.71 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $134.72 and a 52-week high of $210.70. The company has a 50-day moving average of $194.47 and a 200-day moving average of $174.87.
Check Point Software Technologies (NASDAQ:CHKP – Get Free Report) posted its latest quarterly results on Tuesday, October 29. The technology company reported $2.25 earnings per share for the quarter, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to analyst expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s revenue rose 6.5% year over year this quarter. During the same period last year, the company posted earnings per share of $1.80. On average, stock analysts expect Check Point Software Technologies Ltd. will post a profit per share of 7.84 for the current financial year.
About Check Point Software Technologies
(Free report)
Check Point Software Technologies Ltd. develops, sells and supports a range of IT security products and services worldwide. The company offers multi-level security architecture, cloud, network, mobile, endpoint intelligence and IoT solutions. It offers Check Point Infinity Architecture, a cybersecurity architecture that protects against fifth-generation cyber attacks across networks, endpoints, cloud, workloads, Internet of Things and mobile.
See also
Would you like to see which other hedge funds own CHKP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Check Point Software Technologies Ltd. (NASDAQ:CHKP – Free Report).
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