Alta Capital Management LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.1% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 172,562 shares of the technology company’s stock after selling 107 shares during the period. Alta Capital Management LLC’s holdings in Check Point Software Technologies were worth $21,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Moody Lynn & Lieberson LLC acquired a new stake in Check Point Software Technologies during the 1st quarter worth about $234,000. Chicago Capital LLC acquired a new stake in shares of Check Point Software Technologies during the 1st quarter valued at about $392,000. Carderock Capital Management Inc. grew its position in shares of Check Point Software Technologies by 1.8% during the 1st quarter. Carderock Capital Management Inc. now owns 35,733 shares of the technology company’s stock valued at $4,520,000 after acquiring an additional 649 shares during the period. Suncoast Equity Management grew its position in shares of Check Point Software Technologies by 0.3% during the 1st quarter. Suncoast Equity Management now owns 112,343 shares of the technology company’s stock valued at $14,210,000 after acquiring an additional 340 shares during the period. Finally, First Personal Financial Services grew its position in shares of Check Point Software Technologies by 64.8% during the 1st quarter. First Personal Financial Services now owns 374 shares of the technology company’s stock valued at $47,000 after acquiring an additional 147 shares during the period. 68.03% of the stock is currently owned by institutional investors.

Check Point Software Technologies stock traded up $0.14 during midday trading on Tuesday, reaching $118.49. The company had a trading volume of 61,971 shares, compared to its average volume of 1,026,839. The firm has a market capitalization of $19.34 billion, a PE ratio of 22.64, a P/E/G ratio of 2.26 and a beta of 0.79. Check Point Software Technologies Ltd. has a 12-month low of $93.76 and a 12-month high of $132.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.01. The firm had revenue of $471.83 million for the quarter, compared to analyst estimates of $471.16 million. Check Point Software Technologies had a net margin of 42.05% and a return on equity of 22.51%. Check Point Software Technologies’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.30 EPS. On average, equities analysts anticipate that Check Point Software Technologies Ltd. will post 5.5 EPS for the current fiscal year.

CHKP has been the topic of a number of analyst reports. Barclays raised their target price on Check Point Software Technologies from $120.00 to $135.00 and gave the company an “equal weight” rating in a research report on Friday, April 12th. Zacks Investment Research cut Check Point Software Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. Credit Suisse Group restated a “hold” rating and set a $110.00 target price on shares of Check Point Software Technologies in a research report on Tuesday, January 29th. Evercore ISI restated a “hold” rating and set a $105.00 target price on shares of Check Point Software Technologies in a research report on Thursday, January 31st. Finally, Northland Securities restated a “hold” rating and set a $120.00 target price on shares of Check Point Software Technologies in a research report on Monday. Eighteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $121.05.

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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 portfolio of network and gateway solutions, management solutions, and data and endpoint security solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th generation mega cyber-attacks across various networks, endpoint, cloud, and mobile; security gateways from platforms for small business and small office locations, high end and high demanding data centers, and perimeter environments; and Check Point SandBlast family for threat prevention and zero-day protections.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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