Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,628 shares of the technology company’s stock after selling 586 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Check Point Software Technologies were worth $1,087,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. increased its stake in shares of Check Point Software Technologies by 52.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after acquiring an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $1,505,000. Unique Wealth Strategies LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter worth approximately $1,005,000. Tritonpoint Wealth LLC purchased a new stake in shares of Check Point Software Technologies during the 4th quarter valued at approximately $2,586,000. Finally, Heritage Wealth Management LLC acquired a new position in Check Point Software Technologies in the fourth quarter valued at approximately $904,000. 87.62% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Performance

Shares of NASDAQ:CHKP traded down $0.90 on Friday, hitting $167.82. 182,789 shares of the company’s stock were exchanged, compared to its average volume of 698,561. Check Point Software Technologies Ltd. has a 1-year low of $122.86 and a 1-year high of $170.69. The company has a market capitalization of $18.95 billion, a PE ratio of 23.17, a P/E/G ratio of 2.66 and a beta of 0.62. The firm’s 50-day moving average is $154.88 and its 200 day moving average is $157.89.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. The company had revenue of $598.80 million for the quarter, compared to analyst estimates of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. On average, analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research analyst reports. Barclays lifted their target price on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research report on Friday, April 26th. Stifel Nicolaus lowered their target price 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. TD Cowen boosted their price target on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Mizuho reaffirmed a “neutral” rating and set a $160.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Finally, Wedbush reiterated an “outperform” rating and issued a $185.00 target price on shares of Check Point Software Technologies in a report on Friday, April 26th. Thirteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $169.18.

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.