Creative Financial Designs Inc. ADV Cuts Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Creative Financial Designs Inc. ADV trimmed its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,270 shares of the technology company’s stock after selling 75 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Check Point Software Technologies were worth $1,402,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Tidal Investments LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at approximately $6,558,000. Quantbot Technologies LP purchased a new position in shares of Check Point Software Technologies in the first quarter valued at about $1,095,000. Allspring Global Investments Holdings LLC raised its stake in shares of Check Point Software Technologies by 8.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock valued at $15,980,000 after acquiring an additional 7,357 shares during the last quarter. M&G Plc lifted its stake in shares of Check Point Software Technologies by 10.0% in the 2nd quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after purchasing an additional 9,830 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in shares of Check Point Software Technologies in the 1st quarter worth about $2,928,000. Institutional investors own 87.62% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHKP. JPMorgan Chase & Co. lifted their price target on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. BMO Capital Markets raised their price objective on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Scotiabank lifted their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their price target for the company from $205.00 to $195.00 in a report on Wednesday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $187.00 price objective on shares of Check Point Software Technologies in a research report on Wednesday. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Trading Down 1.6 %

Check Point Software Technologies stock opened at $170.50 on Friday. The firm has a 50 day moving average of $194.47 and a 200 day moving average of $174.75. The firm has a market capitalization of $18.75 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 2.71 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12-month low of $134.72 and a 12-month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS for the quarter, hitting analysts’ consensus estimates of $2.25. The company had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.80 EPS. On average, analysts predict that Check Point Software Technologies Ltd. will post 7.84 EPS for the current year.

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.