Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC trimmed its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 15.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 69,424 shares of the technology company’s stock after selling 13,024 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Check Point Software Technologies were worth $13,386,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC grew its holdings in shares of Check Point Software Technologies by 6.1% in the third quarter. Natixis Advisors LLC now owns 49,726 shares of the technology company’s stock valued at $9,588,000 after purchasing an additional 2,876 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Check Point Software Technologies by 4.1% during the 3rd quarter. CIBC Asset Management Inc now owns 8,374 shares of the technology company’s stock worth $1,615,000 after buying an additional 329 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Check Point Software Technologies by 17.5% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,791 shares of the technology company’s stock valued at $538,000 after buying an additional 415 shares during the period. KBC Group NV lifted its holdings in Check Point Software Technologies by 41.6% in the third quarter. KBC Group NV now owns 122,777 shares of the technology company’s stock valued at $23,673,000 after acquiring an additional 36,042 shares during the last quarter. Finally, Plato Investment Management Ltd purchased a new position in Check Point Software Technologies in the third quarter worth approximately $1,657,000. 87.62% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Price Performance

Shares of NASDAQ CHKP opened at $174.25 on Monday. Check Point Software Technologies Ltd. has a 1 year low of $139.55 and a 1 year high of $210.70. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 2.97 and a beta of 0.63. The business has a 50-day moving average of $191.52 and a two-hundred day moving average of $176.42.

Check Point Software Technologies (NASDAQ:CHKP) last posted its 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 firm had revenue of $635.10 million during 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 quarter in the previous year, the business earned $1.80 earnings per share. As a group, equities research analysts expect that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have commented on CHKP shares. Mizuho upped their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, October 17th. Bank of America cut shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Evercore ISI upped their price target on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial lifted their price objective on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets increased their target price on Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, October 25th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $197.74.

About Check Point Software Technologies

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.