Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 8.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 277,038 shares of the technology company’s stock after selling 24,170 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Check Point Software Technologies were worth $51,724,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Gitterman Wealth Management LLC increased its holdings in shares of Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after acquiring an additional 48 shares during the period. TD Waterhouse Canada Inc. increased its holdings in shares of Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after acquiring an additional 52 shares during the period. Argonautica Private Wealth Management Inc. increased its holdings in shares of Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares during the period. Regatta Capital Group LLC increased its holdings in shares of Check Point Software Technologies by 4.9% in the 4th quarter. Regatta Capital Group LLC now owns 1,229 shares of the technology company’s stock worth $229,000 after acquiring an additional 57 shares during the period. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHKP. Wells Fargo & Company dropped their price objective on shares of Check Point Software Technologies from $280.00 to $265.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Susquehanna raised their target price on shares of Check Point Software Technologies from $215.00 to $255.00 and gave the company a “positive” rating in a research note on Friday, January 31st. Wedbush reissued an “outperform” rating and set a $240.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 24th. Baird R W raised shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $250.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. Seventeen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $232.04.

Check Point Software Technologies Price Performance

Shares of CHKP opened at $217.87 on Wednesday. Check Point Software Technologies Ltd. has a one year low of $145.75 and a one year high of $234.36. The company has a 50-day moving average of $219.98 and a two-hundred day moving average of $202.91. The stock has a market cap of $23.96 billion, a price-to-earnings ratio of 29.17, a PEG ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping the consensus estimate of $2.19 by $0.02. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company had revenue of $637.80 million during the quarter, compared to analysts’ expectations of $635.80 million. During the same period last year, the company posted $2.04 earnings per share. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. Analysts anticipate that Check Point Software Technologies Ltd. will post 8.61 earnings per share 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.