Oppenheimer & Co. Inc. Cuts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Oppenheimer & Co. Inc. lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,484 shares of the technology company’s stock after selling 280 shares during the period. Oppenheimer & Co. Inc.’s holdings in Check Point Software Technologies were worth $3,371,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at approximately $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies in the third quarter valued at $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the third quarter valued at $37,000. Arrow Financial Corp boosted its position in shares of Check Point Software Technologies by 62.5% during 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 in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies during the 3rd quarter worth $60,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Scotiabank boosted their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Wedbush boosted their price target on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Jefferies Financial Group raised their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Mizuho boosted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Finally, Bank of America cut 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 analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Trading Down 1.9 %

Check Point Software Technologies stock opened at $174.25 on Friday. The stock has a fifty day moving average price of $191.81 and a 200 day moving average price of $175.88. Check Point Software Technologies Ltd. has a 52 week low of $139.55 and a 52 week high of $210.70. The firm has a market capitalization of $19.16 billion, a P/E ratio of 23.80, a PEG ratio of 3.02 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data 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 net margin of 33.17% and a return on equity of 31.84%. The company had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same quarter in the prior year, the company posted $1.80 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. As a group, equities analysts predict 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.