Private Advisor Group LLC Lowers Position in Check Point Software Technologies Ltd. (CHKP)

Private Advisor Group LLC lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 58.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,544 shares of the technology company’s stock after selling 6,331 shares during the quarter. Private Advisor Group LLC’s holdings in Check Point Software Technologies were worth $451,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CHKP. Signaturefd LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $127,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Check Point Software Technologies by 50.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,692 shares of the technology company’s stock worth $165,000 after purchasing an additional 566 shares during the period. Financial Gravity Wealth Inc. bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $179,000. Legacy Financial Advisors Inc. raised its holdings in shares of Check Point Software Technologies by 1,650.0% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 1,645 shares of the technology company’s stock worth $180,000 after purchasing an additional 1,551 shares during the period. Finally, Comerica Securities Inc. bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $202,000. 66.73% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Monday, August 6th. ValuEngine cut shares of Check Point Software Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, May 16th. Credit Suisse Group lifted their price target on shares of Check Point Software Technologies from $100.00 to $105.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $108.00 to $130.00 and gave the stock a “market perform” rating in a report on Thursday, July 26th. Finally, BTIG Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, July 10th. Twenty-one research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $114.19.

Check Point Software Technologies stock opened at $115.54 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $119.20. The company has a market capitalization of $18.89 billion, a P/E ratio of 23.63, a price-to-earnings-growth ratio of 2.30 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Wednesday, July 25th. The technology company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.18. Check Point Software Technologies had a net margin of 43.43% and a return on equity of 22.98%. The business had revenue of $467.80 million during the quarter, compared to analyst estimates of $461.32 million. During the same period in the previous year, the business earned $1.26 EPS. Check Point Software Technologies’s revenue was up 2.0% compared to the same quarter last year. equities analysts predict that Check Point Software Technologies Ltd. will post 5.19 earnings per share for the current fiscal year.

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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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