Baldwin Wealth Partners LLC MA Has $568,000 Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Baldwin Wealth Partners LLC MA cut its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 63.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,041 shares of the technology company’s stock after selling 5,272 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Check Point Software Technologies were worth $568,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock worth $211,105,000 after acquiring an additional 464,821 shares during the last quarter. World Investment Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $51,922,000. FMR LLC increased its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Check Point Software Technologies by 134.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company’s stock worth $25,245,000 after purchasing an additional 75,031 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of CHKP stock opened at $195.24 on Monday. The stock’s fifty day simple moving average is $185.60 and its 200 day simple moving average is $186.68. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $210.70. The firm has a market cap of $21.47 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 3.05 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 earnings per share for the quarter, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the business posted $1.80 earnings per share. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Mizuho lifted their price objective on shares of 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. Truist Financial increased their target price on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Evercore ISI boosted their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price objective for the company from $204.00 to $207.00 in a report on Thursday, January 2nd. Eighteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus price target of $203.05.

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.