Thompson Siegel & Walmsley LLC Sells 89,100 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Thompson Siegel & Walmsley LLC lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 10.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 728,881 shares of the technology company’s stock after selling 89,100 shares during the quarter. Check Point Software Technologies comprises about 1.8% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 5th largest holding. Thompson Siegel & Walmsley LLC owned about 0.62% of Check Point Software Technologies worth $111,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. BSW Wealth Partners grew its position in shares of Check Point Software Technologies by 3.7% in the 4th quarter. BSW Wealth Partners now owns 2,162 shares of the technology company’s stock valued at $330,000 after purchasing an additional 78 shares during the period. Pacer Advisors Inc. increased its position in shares of Check Point Software Technologies by 6.9% during the fourth quarter. Pacer Advisors Inc. now owns 1,383 shares of the technology company’s stock worth $211,000 after acquiring an additional 89 shares in the last quarter. Dark Forest Capital Management LP raised its holdings in shares of Check Point Software Technologies by 2.1% during the third quarter. Dark Forest Capital Management LP now owns 5,126 shares of the technology company’s stock worth $683,000 after acquiring an additional 103 shares during the period. Brookstone Capital Management lifted its position in Check Point Software Technologies by 1.7% in the 4th quarter. Brookstone Capital Management now owns 6,175 shares of the technology company’s stock valued at $943,000 after acquiring an additional 103 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its stake in Check Point Software Technologies by 8.4% in the 3rd quarter. Industrial Alliance Investment Management Inc. now owns 1,386 shares of the technology company’s stock worth $185,000 after purchasing an additional 107 shares during the period. Institutional investors and hedge funds own 87.62% of the company’s stock.

Check Point Software Technologies Trading Down 0.5 %

CHKP stock traded down $0.81 during trading on Friday, hitting $151.57. The company had a trading volume of 492,740 shares, compared to its average volume of 715,876. The stock has a market cap of $18.30 billion, a PE ratio of 21.05, a PEG ratio of 2.48 and a beta of 0.64. The business has a 50-day moving average of $159.94 and a 200-day moving average of $153.90. Check Point Software Technologies Ltd. has a one year low of $118.21 and a one year high of $168.82.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on CHKP shares. Wedbush reaffirmed an “outperform” rating and set a $185.00 price target on shares of Check Point Software Technologies in a research note on Friday, April 26th. William Blair raised shares of Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 31st. TD Cowen raised their price objective on Check Point Software Technologies from $180.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Susquehanna upped their target price on Check Point Software Technologies from $190.00 to $200.00 and gave the stock a “positive” rating in a report on Wednesday, February 7th. Finally, Barclays raised their price target on Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Twelve research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $169.18.

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.