Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 20.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,188 shares of the technology company’s stock after selling 12,275 shares during the quarter. Victory Capital Management Inc.’s holdings in Check Point Software Technologies were worth $9,098,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CHKP. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $30,000. Kathleen S. Wright Associates Inc. acquired a new stake in Check Point Software Technologies during the third quarter worth about $33,000. Concord Wealth Partners acquired a new stake in Check Point Software Technologies during the third quarter worth about $37,000. Arrow Financial Corp raised its stake in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after acquiring an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC acquired a new stake in shares of Check Point Software Technologies in the third quarter valued at approximately $60,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Evercore ISI raised their price objective on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised 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. Robert W. Baird cut their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Wedbush increased their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 9th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $181.99 on Friday. The firm has a market capitalization of $20.02 billion, a price-to-earnings ratio of 24.86, a P/E/G ratio of 2.97 and a beta of 0.63. The company’s fifty day moving average is $190.48 and its two-hundred day moving average is $176.79. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70.

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. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.87 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 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.