Ativo Capital Management LLC Has $11.17 Million Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Ativo Capital Management LLC lowered its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 57,930 shares of the technology company’s stock after selling 4,726 shares during the quarter. Check Point Software Technologies comprises approximately 9.8% of Ativo Capital Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Ativo Capital Management LLC’s holdings in Check Point Software Technologies were worth $11,170,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC bought a new position in shares of Check Point Software Technologies during the first quarter worth about $6,558,000. CWA Asset Management Group LLC bought a new position in shares of Check Point Software Technologies during the 3rd quarter worth approximately $1,599,000. M&G Plc raised its holdings in shares of Check Point Software Technologies by 10.0% in the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after purchasing an additional 9,830 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Check Point Software Technologies by 11.6% in the first quarter. California State Teachers Retirement System now owns 149,989 shares of the technology company’s stock worth $24,600,000 after purchasing an additional 15,647 shares in the last quarter. Finally, Milestone Asset Management LLC acquired a new position in Check Point Software Technologies during the second quarter worth $1,357,000. Institutional investors and hedge funds own 87.62% of the company’s stock.

Analyst Upgrades and Downgrades

CHKP has been the topic of several recent research reports. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price target for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Truist Financial boosted their price target on Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Mizuho raised their price objective on Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $181.75 on Monday. The business’s 50 day simple moving average is $190.21 and its 200 day simple moving average is $177.31. The company has a market capitalization of $19.99 billion, a P/E ratio of 24.83, a P/E/G ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting 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 during the quarter, compared to analysts’ expectations of $634.96 million. During the same quarter in the prior year, the business posted $1.80 earnings per share. Check Point Software Technologies’s revenue was up 6.5% compared to the same quarter last year. On average, sell-side analysts anticipate 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.