Mutual of America Capital Management LLC Decreases Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mutual of America Capital Management LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,424 shares of the technology company’s stock after selling 13,024 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Check Point Software Technologies worth $13,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bleakley Financial Group LLC lifted its holdings in shares of Check Point Software Technologies by 3.3% during the 3rd 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 during the last quarter. Brighton Jones LLC increased its position 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 buying an additional 66 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in Check Point Software Technologies by 1.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock valued at $1,042,000 after buying an additional 66 shares during the last quarter. HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% in the third quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock worth $1,169,000 after acquiring an additional 73 shares in the last quarter. Finally, Heritage Family Offices LLP grew its stake in shares of Check Point Software Technologies by 1.6% during the third quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock worth $942,000 after acquiring an additional 77 shares during the last quarter. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $174.25 on Monday. Check Point Software Technologies Ltd. has a 1-year low of $139.55 and a 1-year high of $210.70. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.97 and a beta of 0.63. The stock has a 50 day simple moving average of $191.52 and a 200-day simple moving average of $176.42.

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 33.17% and a return on equity of 31.84%. 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 7.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the subject of several research analyst reports. Truist Financial increased their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. BMO Capital Markets upped their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Evercore ISI increased their price objective on Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Fifteen research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Check Point Software Technologies currently has an average 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.