Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,484 shares of the technology company’s stock after selling 280 shares during the period. Oppenheimer & Co. Inc.’s holdings in Check Point Software Technologies were worth $3,371,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the third quarter valued at approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies during the 2nd quarter valued at $30,000. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies during the 3rd quarter valued at $37,000. Arrow Financial Corp boosted its position in Check Point Software Technologies by 62.5% during the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new position in Check Point Software Technologies in the third quarter valued at about $60,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Check Point Software Technologies stock opened at $174.25 on Friday. Check Point Software Technologies Ltd. has a 12 month low of $139.55 and a 12 month high of $210.70. The company has a fifty day moving average price of $191.81 and a two-hundred day moving average price of $175.88. The company has a market cap of $19.16 billion, a PE ratio of 23.80, a P/E/G ratio of 3.02 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 EPS for the quarter, meeting the consensus estimate of $2.25. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.80 EPS. Equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CHKP. Scotiabank upped their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 25th. Robert W. Baird decreased their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $205.00 to $195.00 in a research note on Wednesday, October 30th. Barclays decreased their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 29th. Finally, Susquehanna lifted their price target on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $197.74.

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.