Sound Income Strategies LLC Sells 56 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Sound Income Strategies LLC trimmed its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374 shares of the technology company’s stock after selling 56 shares during the period. Sound Income Strategies LLC’s holdings in Check Point Software Technologies were worth $70,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CHKP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Check Point Software Technologies by 73.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares during the last quarter. World Investment Advisors LLC bought a new position in Check Point Software Technologies in the third quarter valued at $51,922,000. FMR LLC increased its stake in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after buying an additional 252,581 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after buying an additional 177,104 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Check Point Software Technologies by 134.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company’s stock worth $25,245,000 after buying an additional 75,031 shares during the last quarter. 98.51% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock opened at $194.48 on Friday. The stock has a fifty day moving average of $185.60 and a 200-day moving average of $186.45. The stock has a market capitalization of $21.39 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.80 earnings per share. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CHKP shares. Citigroup upped their target price on Check Point Software Technologies from $185.00 to $190.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a report on Monday, October 28th. Cantor Fitzgerald assumed coverage on shares of Check Point Software Technologies in a report on Thursday, January 9th. They set a “neutral” rating and a $200.00 target price on the stock. The Goldman Sachs Group cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and increased their price target for the company from $204.00 to $207.00 in a research note on Thursday, January 2nd. Finally, Stifel Nicolaus boosted their price objective on shares of Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Eighteen research analysts have rated the stock with a hold rating and seven have issued 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 price target of $203.05.

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.