Legacy Wealth Asset Management LLC Reduces Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Legacy Wealth Asset Management LLC cut its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 11.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,627 shares of the technology company’s stock after selling 1,282 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Check Point Software Technologies were worth $1,856,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies during the second quarter worth $30,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies in the first quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies in the 3rd quarter worth approximately $33,000. FSC Wealth Advisors LLC purchased a new position in Check Point Software Technologies during the 3rd quarter worth approximately $60,000. Finally, Sound Income Strategies LLC lifted its position in Check Point Software Technologies by 654.4% during the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock valued at $83,000 after purchasing an additional 373 shares during the period. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CHKP has been the topic of several analyst reports. Jefferies Financial Group increased their price target on 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. Barclays lifted their target price on shares of Check Point Software Technologies from $175.00 to $192.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Robert W. Baird upped their price objective on shares of Check Point Software Technologies from $200.00 to $210.00 and gave the stock a “neutral” rating in a research report on Tuesday. BMO Capital Markets raised their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Susquehanna upped their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday, July 25th. Fifteen analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $194.67.

Check Point Software Technologies Stock Up 0.9 %

Shares of CHKP opened at $207.16 on Friday. Check Point Software Technologies Ltd. has a 52-week low of $126.57 and a 52-week high of $210.70. The stock has a fifty day simple moving average of $194.88 and a two-hundred day simple moving average of $173.81. The company has a market capitalization of $23.39 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data 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. The firm had revenue of $627.40 million during the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. Check Point Software Technologies’s revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $1.74 earnings per share. As a group, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

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.