Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Trimmed by Raymond James Trust N.A.

Raymond James Trust N.A. decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,364 shares of the technology company’s stock after selling 268 shares during the period. Raymond James Trust N.A.’s holdings in Check Point Software Technologies were worth $552,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. CAPROCK Group Inc. raised its position in Check Point Software Technologies by 13.5% in the 1st quarter. CAPROCK Group Inc. now owns 2,328 shares of the technology company’s stock valued at $294,000 after purchasing an additional 276 shares during the last quarter. Curbstone Financial Management Corp increased its stake in shares of Check Point Software Technologies by 1.5% in the 1st quarter. Curbstone Financial Management Corp now owns 17,250 shares of the technology company’s stock valued at $2,182,000 after buying an additional 250 shares during the period. Dynamic Advisor Solutions LLC acquired a new stake in shares of Check Point Software Technologies in the 1st quarter valued at $220,000. We Are One Seven LLC grew its stake in shares of Check Point Software Technologies by 75.7% during the first quarter. We Are One Seven LLC now owns 3,447 shares of the technology company’s stock worth $436,000 after purchasing an additional 1,485 shares during the period. Finally, Aries Wealth Management acquired a new stake in shares of Check Point Software Technologies during the first quarter worth $249,000. 68.03% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. Oppenheimer lifted their price objective on Check Point Software Technologies from $130.00 to $145.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. OTR Global raised Check Point Software Technologies to a “positive” rating in a research note on Friday, April 12th. Barclays lifted their price objective on Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Deutsche Bank lifted their price objective on Check Point Software Technologies from $110.00 to $125.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Sixteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $122.11.

Shares of Check Point Software Technologies stock traded up $0.85 during trading on Friday, reaching $118.63. The stock had a trading volume of 435,300 shares, compared to its average volume of 1,199,560. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 22.77, a price-to-earnings-growth ratio of 2.42 and a beta of 0.75. Check Point Software Technologies Ltd. has a 52 week low of $95.03 and a 52 week high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. The business had revenue of $471.83 million for the quarter, compared to analyst estimates of $471.16 million. During the same quarter in the prior year, the company posted $1.30 earnings per share. Check Point Software Technologies’s revenue was up 4.3% on a year-over-year basis. On average, analysts expect that Check Point Software Technologies Ltd. will post 5.52 earnings per share for the current fiscal year.

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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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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