Prime Capital Investment Advisors LLC Sells 185 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Prime Capital Investment Advisors LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,705 shares of the technology company’s stock after selling 185 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $1,486,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Bleakley Financial Group LLC lifted its holdings in shares of Check Point Software Technologies by 3.3% in the third quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after purchasing an additional 57 shares in the last quarter. Brighton Jones LLC lifted its stake in Check Point Software Technologies by 5.2% during the 3rd quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after acquiring an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Check Point Software Technologies by 1.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 66 shares during the last quarter. HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% during the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after purchasing an additional 73 shares during the last quarter. Finally, Heritage Family Offices LLP boosted its stake in shares of Check Point Software Technologies by 1.6% in the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.2 %

Check Point Software Technologies stock opened at $177.55 on Friday. The firm has a fifty day simple moving average of $192.02 and a two-hundred day simple moving average of $175.87. Check Point Software Technologies Ltd. has a twelve month low of $139.55 and a twelve month high of $210.70. The company has a market capitalization of $19.53 billion, a PE ratio of 24.21, a P/E/G 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 earnings per share for the quarter, meeting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.80 EPS. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on CHKP shares. 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, October 28th. Deutsche Bank Aktiengesellschaft increased their price objective on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” 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 note on Wednesday, October 30th. Susquehanna upped their target price on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Finally, Bank of America downgraded Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price target for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $197.74.

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.