Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.3% during the third quarter, Holdings Channel.com reports. The firm owned 150,411 shares of the technology company’s stock after selling 17,318 shares during the period. JPMorgan Chase & Co.’s holdings in Check Point Software Technologies were worth $29,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Check Point Software Technologies by 73.8% during the 3rd 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 buying an additional 464,821 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Check Point Software Technologies during the second quarter valued at approximately $47,244,000. World Investment Advisors LLC bought a new stake in Check Point Software Technologies during the third quarter worth approximately $51,922,000. FMR LLC lifted its position in Check Point Software Technologies by 28.7% in the third 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 period. Finally, Robeco Institutional Asset Management B.V. boosted its stake in 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 valued at $354,153,000 after purchasing an additional 177,104 shares in the last quarter. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Up 0.9 %

NASDAQ CHKP opened at $181.48 on Wednesday. The company has a market capitalization of $19.96 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1-year low of $145.75 and a 1-year high of $210.70. The firm’s fifty day simple moving average is $182.25 and its 200-day simple moving average is $184.62.

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, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The business’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.80 EPS. As a group, analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CHKP shares. Stifel Nicolaus boosted their price objective on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Robert W. Baird cut their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Check Point Software Technologies from $185.00 to $195.00 and gave the stock a “neutral” rating in a report on Monday. Jefferies Financial Group raised their target price on shares of Check Point Software Technologies from $220.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. 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 report on Wednesday, October 30th. Seventeen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $199.24.

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.