Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Bank Hapoalim BM

Bank Hapoalim BM reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,459 shares of the technology company’s stock after selling 2,116 shares during the quarter. Bank Hapoalim BM’s holdings in Check Point Software Technologies were worth $6,644,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CHKP. Massachusetts Financial Services Co. MA boosted its stake in Check Point Software Technologies by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock worth $912,070,000 after purchasing an additional 114,938 shares in the last quarter. Acadian Asset Management LLC lifted its stake in shares of Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after buying an additional 391,983 shares during the period. Boston Partners lifted its stake in shares of Check Point Software Technologies by 13.1% during the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock worth $594,169,000 after buying an additional 419,404 shares during the period. Ninety One UK Ltd grew its holdings in shares of Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after buying an additional 39,092 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Check Point Software Technologies by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock valued at $440,266,000 after acquiring an additional 77,849 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $174.04 on Thursday. Check Point Software Technologies Ltd. has a 1-year low of $129.13 and a 1-year high of $210.70. The company has a market cap of $19.14 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 3.17 and a beta of 0.62. The stock has a 50 day simple moving average of $195.21 and a 200-day simple moving average of $174.67.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. During the same period in the prior year, the business posted $1.80 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on CHKP shares. Barclays dropped their price target 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. Evercore ISI lifted their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a report on Wednesday. Susquehanna raised their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research report on Thursday, July 25th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday. Fifteen equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Company 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.