Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,622 shares of the technology company’s stock after selling 61 shares during the period. Fulton Bank N.A.’s holdings in Check Point Software Technologies were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in 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 purchasing an additional 464,821 shares during the period. Marshall Wace LLP acquired a new stake in Check Point Software Technologies in the second quarter worth approximately $47,244,000. World Investment Advisors LLC acquired a new stake in Check Point Software Technologies in 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. lifted its position in Check Point Software Technologies by 10.7% in the third 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 during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on the company. BMO Capital Markets upped their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, October 25th. Cantor Fitzgerald assumed coverage on Check Point Software Technologies in a report on Thursday. They issued a “neutral” rating and a $200.00 price target on the stock. Piper Sandler upped their price target on Check Point Software Technologies from $185.00 to $195.00 and gave the company a “neutral” rating in a report on Monday, January 6th. Robert W. Baird dropped their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, Stifel Nicolaus upped their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the company a “hold” rating in a report on Wednesday, December 18th. Sixteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $202.95.

Check Point Software Technologies Trading Down 0.6 %

NASDAQ CHKP opened at $182.00 on Friday. The company has a market capitalization of $20.02 billion, a PE ratio of 24.86, 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 $182.87 and its 200-day simple moving average is $184.78.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.80 earnings per share. As a group, analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

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.