Seizert Capital Partners LLC Has $23.86 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Seizert Capital Partners LLC cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,737 shares of the technology company’s stock after selling 880 shares during the quarter. Seizert Capital Partners LLC owned 0.11% of Check Point Software Technologies worth $23,858,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB acquired a new position in Check Point Software Technologies in the 1st quarter valued at $69,487,000. Boston Partners raised its stake in Check Point Software Technologies by 13.1% in the first quarter. Boston Partners now owns 3,623,923 shares of the technology company’s stock valued at $594,169,000 after purchasing an additional 419,404 shares in the last quarter. Acadian Asset Management LLC lifted its position in Check Point Software Technologies by 10.5% during the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock worth $677,869,000 after purchasing an additional 391,983 shares during the period. Marshall Wace LLP acquired a new stake in Check Point Software Technologies during the second quarter worth about $47,244,000. Finally, Meitav Investment House Ltd. raised its position in shares of Check Point Software Technologies by 1,295.8% in the 2nd quarter. Meitav Investment House Ltd. now owns 209,612 shares of the technology company’s stock valued at $34,557,000 after buying an additional 194,595 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on CHKP. Mizuho increased their price target on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and decreased their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $187.00 target price on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $174.25 on Friday. The firm has a 50 day moving average price of $191.52 and a two-hundred day moving average price of $176.23. Check Point Software Technologies Ltd. has a 52-week low of $139.55 and a 52-week high of $210.70. The firm has a market cap of $19.16 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.02 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million for the quarter, compared to analyst estimates of $634.96 million. During the same quarter in the previous year, the business earned $1.80 earnings per share. Check Point Software Technologies’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Check Point Software Technologies Company 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.