Weatherly Asset Management L. P. Has $205,000 Stock Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Weatherly Asset Management L. P. reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 31.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,340 shares of the technology company’s stock after selling 604 shares during the period. Weatherly Asset Management L. P.’s holdings in Check Point Software Technologies were worth $205,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHKP. National Bank of Canada FI lifted its stake in Check Point Software Technologies by 25.7% during the third quarter. National Bank of Canada FI now owns 8,225 shares of the technology company’s stock worth $1,097,000 after purchasing an additional 1,683 shares during the last quarter. AE Wealth Management LLC lifted its position in shares of Check Point Software Technologies by 17.8% during the 3rd quarter. AE Wealth Management LLC now owns 6,767 shares of the technology company’s stock worth $902,000 after buying an additional 1,022 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Check Point Software Technologies by 4.7% in the third quarter. BTC Capital Management Inc. now owns 5,244 shares of the technology company’s stock valued at $699,000 after buying an additional 235 shares in the last quarter. Integrated Investment Consultants LLC bought a new position in Check Point Software Technologies in the third quarter valued at about $204,000. Finally, GHP Investment Advisors Inc. raised its stake in Check Point Software Technologies by 11.4% during the third quarter. GHP Investment Advisors Inc. now owns 7,350 shares of the technology company’s stock worth $987,000 after acquiring an additional 750 shares in the last quarter. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.4 %

CHKP stock traded up $0.60 during midday trading on Wednesday, reaching $161.40. 479,065 shares of the company’s stock traded hands, compared to its average volume of 707,939. Check Point Software Technologies Ltd. has a 52 week low of $117.18 and a 52 week high of $168.82. The company has a market cap of $19.49 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 2.57 and a beta of 0.61. The firm’s fifty day moving average price is $161.95 and its 200-day moving average price is $152.72.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.47 by $0.10. The business had revenue of $663.50 million for the quarter, compared to analysts’ expectations of $662.09 million. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.23 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CHKP shares. Scotiabank upped their price objective on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a research report on Wednesday, February 7th. William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their price objective on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Mizuho reiterated a “neutral” rating and issued a $160.00 target price on shares of Check Point Software Technologies in a research report on Wednesday, March 27th. Finally, BMO Capital Markets boosted their price target on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “market perform” rating in a report on Wednesday, February 7th. Thirteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.16.

About Check Point Software Technologies

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.