Mount Yale Investment Advisors LLC Sells 273 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mount Yale Investment Advisors LLC decreased its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,014 shares of the technology company’s stock after selling 273 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $1,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CHKP. Concord Wealth Partners bought a new stake in shares of Check Point Software Technologies in the 1st quarter worth approximately $31,000. Richardson Financial Services Inc. bought a new position in shares of Check Point Software Technologies during the fourth quarter valued at $33,000. Y.D. More Investments Ltd raised its position in shares of Check Point Software Technologies by 37.0% in the 4th quarter. Y.D. More Investments Ltd now owns 500 shares of the technology company’s stock worth $76,000 after purchasing an additional 135 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in Check Point Software Technologies in the 4th quarter worth about $92,000. Finally, Alaska Permanent Fund Corp purchased a new stake in Check Point Software Technologies during the 1st quarter valued at about $117,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.3 %

NASDAQ:CHKP traded up $0.63 during trading hours on Monday, hitting $183.37. 919,309 shares of the stock traded hands, compared to its average volume of 714,922. The company has a market cap of $20.70 billion, a price-to-earnings ratio of 25.38, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. Check Point Software Technologies Ltd. has a 1 year low of $125.68 and a 1 year high of $186.75. The stock has a 50 day moving average price of $161.86 and a 200 day moving average price of $160.31.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The business had revenue of $627.40 million during the quarter, compared to analyst estimates of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. Check Point Software Technologies’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.74 EPS. Equities analysts forecast that Check Point Software Technologies Ltd. will post 7.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CHKP has been the topic of several analyst reports. Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday. Wedbush upped their price objective on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a research report on Thursday. Royal Bank of Canada boosted their price target on Check Point Software Technologies from $165.00 to $187.00 and gave the stock a “sector perform” rating in a research note on Thursday. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $175.00 to $180.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Check Point Software Technologies from $175.00 to $185.00 and gave the stock a “hold” rating in a research report on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $183.68.

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.