Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stock Position Reduced by Cable Hill Partners LLC

Cable Hill Partners LLC decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,496 shares of the technology company’s stock after selling 117 shares during the quarter. Cable Hill Partners LLC’s holdings in Check Point Software Technologies were worth $288,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Check Point Software Technologies in the 2nd quarter worth approximately $30,000. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth approximately $37,000. Arrow Financial Corp lifted its holdings in shares of Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC bought a new stake in shares of Check Point Software Technologies in the 3rd quarter worth approximately $60,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on CHKP shares. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Susquehanna lifted their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Truist Financial lifted their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Barclays cut their target price on Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Finally, Scotiabank lifted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $177.55 on Friday. The business’s 50-day moving average price is $192.02 and its two-hundred day moving average price is $175.87. Check Point Software Technologies Ltd. has a one year low of $139.55 and a one year high of $210.70. The company has a market capitalization of $19.53 billion, a P/E ratio of 24.26, a price-to-earnings-growth ratio of 3.03 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, meeting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the previous year, the company posted $1.80 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current 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.