Hunter Perkins Capital Management LLC Decreases Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Hunter Perkins Capital Management LLC lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,532 shares of the technology company’s stock after selling 1,445 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Check Point Software Technologies were worth $4,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Check Point Software Technologies by 73.8% in the 3rd 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 in the last quarter. World Investment Advisors LLC purchased a new stake in Check Point Software Technologies during the third quarter valued at about $51,922,000. FMR LLC grew its stake in shares of Check Point Software Technologies by 28.7% during the third 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. increased its holdings in shares of Check Point Software Technologies by 10.7% in the third 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 during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Check Point Software Technologies by 134.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 130,934 shares of the technology company’s stock valued at $25,245,000 after acquiring an additional 75,031 shares during the last quarter. 98.51% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Performance

Shares of CHKP opened at $194.48 on Monday. Check Point Software Technologies Ltd. has a fifty-two week low of $145.75 and a fifty-two week high of $210.70. The firm’s 50-day simple moving average is $185.60 and its two-hundred day simple moving average is $186.57. The stock has a market cap of $21.39 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 3.05 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. The company had revenue of $635.10 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.80 EPS. Equities research analysts predict that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cantor Fitzgerald started coverage on Check Point Software Technologies in a research report on Thursday, January 9th. They set a “neutral” rating and a $200.00 price target on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Friday. Robert W. Baird dropped their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a report on Monday, October 28th. Eighteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $203.05.

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.