Check Point Software Technologies Ltd. (CHKP) Shares Reduced by Staley Capital Advisers Inc.

Check Point Software Technologies Ltd. (CHKP) Shares Reduced by Staley Capital Advisers Inc.

Staley Capital Advisers Inc. trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 14.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,526 shares of the technology company’s stock after selling 1,245 shares during the quarter. Staley Capital Advisers Inc.’s holdings in Check Point Software Technologies were worth $773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ruggie Capital Group increased its holdings in Check Point Software Technologies by 650.0% in the fourth quarter. Ruggie Capital Group now owns 300 shares of the technology company’s stock worth $31,000 after buying an additional 260 shares during the last quarter. Ledyard National Bank increased its holdings in Check Point Software Technologies by 196.4% in the fourth quarter. Ledyard National Bank now owns 326 shares of the technology company’s stock worth $33,000 after buying an additional 216 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in Check Point Software Technologies by 45.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 358 shares of the technology company’s stock valued at $37,000 after purchasing an additional 112 shares during the last quarter. Highwater Wealth Management LLC acquired a new position in Check Point Software Technologies during the fourth quarter valued at approximately $72,000. Finally, Quantamental Technologies LLC acquired a new position in Check Point Software Technologies during the fourth quarter valued at approximately $72,000. 70.74% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on CHKP. Evercore ISI reiterated a “hold” rating and set a $105.00 price target on shares of Check Point Software Technologies in a report on Thursday, January 31st. BidaskClub upgraded Check Point Software Technologies from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group increased their price target on Check Point Software Technologies to $140.00 and gave the company a “buy” rating in a report on Wednesday, January 30th. Credit Suisse Group reiterated a “hold” rating and set a $110.00 price target on shares of Check Point Software Technologies in a report on Tuesday, January 29th. Finally, Morgan Stanley lowered their price target on Check Point Software Technologies from $116.00 to $115.00 and set an “equal weight” rating on the stock in a report on Thursday, October 25th. Sixteen research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $116.89.

CHKP opened at $117.11 on Tuesday. Check Point Software Technologies Ltd. has a 1-year low of $93.76 and a 1-year high of $120.81. The company has a market capitalization of $19.00 billion, a PE ratio of 22.48, a price-to-earnings-growth ratio of 2.19 and a beta of 0.76.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, January 30th. The technology company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.05. The company had revenue of $526.00 million during the quarter, compared to analysts’ expectations of $518.03 million. Check Point Software Technologies had a return on equity of 22.77% and a net margin of 42.85%. Check Point Software Technologies’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.58 earnings per share. On average, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 5.49 EPS for the current fiscal 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 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.

See Also: How much money do you need to begin day trading?

Related posts

Leave a Comment