Cwm LLC Cuts Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Cwm LLC trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,038 shares of the technology company’s stock after selling 2,897 shares during the quarter. Cwm LLC’s holdings in Check Point Software Technologies were worth $7,798,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the 3rd quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies in the 4th quarter valued at $30,000. CNB Bank acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at $27,000. Salem Investment Counselors Inc. grew its stake in Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after acquiring an additional 237 shares during the period. Finally, Y.D. More Investments Ltd acquired a new stake in Check Point Software Technologies in the 3rd quarter valued at $49,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Check Point Software Technologies from $175.00 to $185.00 and gave the company a “market perform” rating in a research note on Wednesday, February 7th. Wedbush reissued an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, April 10th. Royal Bank of Canada lifted their price target on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 7th. TD Cowen lifted their target price on shares of Check Point Software Technologies from $180.00 to $205.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company lifted their target price on shares of Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Monday, January 29th. Thirteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, Check Point Software Technologies has an average rating of “Hold” and a consensus target price of $160.16.

Check Point Software Technologies Trading Up 0.5 %

Shares of CHKP stock opened at $158.79 on Tuesday. The company’s 50-day moving average price is $162.02 and its 200-day moving average price is $152.55. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 2.56 and a beta of 0.61. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The firm had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.23 EPS. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 7.85 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.