Creative Financial Designs Inc. ADV Sells 75 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Creative Financial Designs Inc. ADV trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,270 shares of the technology company’s stock after selling 75 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Check Point Software Technologies were worth $1,402,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies during the second quarter worth about $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the 3rd quarter valued at about $33,000. Concord Wealth Partners bought a new position in Check Point Software Technologies in the third quarter worth approximately $37,000. FSC Wealth Advisors LLC acquired a new stake in Check Point Software Technologies in the third quarter valued at approximately $60,000. Finally, Sound Income Strategies LLC grew its stake 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 valued at $83,000 after acquiring an additional 373 shares during the period. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Trading Down 1.6 %

Check Point Software Technologies stock opened at $170.50 on Friday. The firm’s 50 day simple moving average is $194.47 and its 200 day simple moving average is $174.75. Check Point Software Technologies Ltd. has a 1-year low of $134.72 and a 1-year high of $210.70. The firm has a market capitalization of $18.75 billion, a PE ratio of 23.29, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results 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 return on equity of 31.84% and a net margin of 33.17%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period in the prior year, the company earned $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.84 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CHKP has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted 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, October 28th. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, October 17th. Robert W. Baird reduced their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft raised their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Finally, Barclays reduced their price objective on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research report on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $197.74.

About Check Point Software Technologies

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.