Fulton Bank N.A. Has $242,000 Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Fulton Bank N.A. decreased its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 49.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,465 shares of the technology company’s stock after selling 1,455 shares during the quarter. Fulton Bank N.A.’s holdings in Check Point Software Technologies were worth $242,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BSW Wealth Partners increased its stake in shares of Check Point Software Technologies by 3.7% in the fourth quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after buying an additional 78 shares during the period. Guardian Wealth Management Inc. increased its stake in shares of Check Point Software Technologies by 0.5% in the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock valued at $2,847,000 after buying an additional 85 shares during the period. Mather Group LLC. increased its stake in shares of Check Point Software Technologies by 5.1% in the second quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after buying an additional 99 shares during the period. Butensky & Cohen Financial Security Inc. increased its stake in shares of Check Point Software Technologies by 0.4% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock valued at $4,342,000 after buying an additional 102 shares during the period. Finally, Avantax Advisory Services Inc. increased its position in Check Point Software Technologies by 6.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 1,717 shares of the technology company’s stock valued at $262,000 after purchasing an additional 109 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CHKP shares. Stifel Nicolaus decreased their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a research report on Friday, April 26th. Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Jefferies Financial Group increased their target price on shares of Check Point Software Technologies from $185.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday, July 25th. Robert W. Baird increased their target price on shares of Check Point Software Technologies from $168.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, July 25th. Finally, Truist Financial reissued a “buy” rating and set a $200.00 target price (up previously from $175.00) on shares of Check Point Software Technologies in a research report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Check Point Software Technologies presently has a consensus rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Trading Down 0.1 %

Shares of CHKP traded down $0.15 during trading hours on Tuesday, reaching $173.76. The stock had a trading volume of 784,700 shares, compared to its average volume of 712,360. The firm has a 50-day simple moving average of $165.18 and a 200 day simple moving average of $161.28. Check Point Software Technologies Ltd. has a 12 month low of $125.68 and a 12 month high of $186.75. The company has a market capitalization of $19.62 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.84 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. The business had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. During the same period last year, the business earned $1.74 EPS. The business’s revenue was up 6.6% on a year-over-year basis. On average, equities analysts forecast that Check Point Software Technologies Ltd. will post 7.83 EPS for the current 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 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.