Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Doheny Asset Management CA

Doheny Asset Management CA cut its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 22.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,583 shares of the technology company’s stock after selling 1,010 shares during the quarter. Doheny Asset Management CA’s holdings in Check Point Software Technologies were worth $547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Concord Wealth Partners purchased a new position in Check Point Software Technologies during the third quarter worth about $25,000. CNB Bank purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $27,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Check Point Software Technologies in the 4th quarter valued at approximately $30,000. Salem Investment Counselors Inc. raised its stake in shares of Check Point Software Technologies by 483.7% in the 4th quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after acquiring an additional 237 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Check Point Software Technologies in the 3rd quarter valued at approximately $49,000. 87.62% of the stock is currently owned by institutional investors and hedge funds.

Check Point Software Technologies Stock Performance

Check Point Software Technologies stock traded up $0.61 during trading hours on Thursday, reaching $149.58. 290,382 shares of the stock were exchanged, compared to its average volume of 725,132. The stock has a market cap of $18.06 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.43 and a beta of 0.64. Check Point Software Technologies Ltd. has a 52-week low of $118.21 and a 52-week high of $168.82. The firm’s 50 day moving average is $160.83 and its 200 day moving average is $153.33.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, hitting analysts’ consensus estimates of $1.72. The company had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a net margin of 34.33% and a return on equity of 31.42%. Equities research analysts expect that Check Point Software Technologies Ltd. will post 7.79 EPS for the current fiscal year.

Analysts Set New Price Targets

CHKP has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and issued a $185.00 price target on shares of Check Point Software Technologies in a research note on Friday, April 26th. Citigroup upped their target price on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 10th. Truist Financial upped their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Royal Bank of Canada upped their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 7th. Finally, Stifel Nicolaus cut their target price on shares of Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Thirteen investment 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 company currently has a consensus rating of “Hold” and an average price target of $164.00.

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.