Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 37.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,090 shares of the technology company’s stock after selling 26,152 shares during the period. SG Americas Securities LLC’s holdings in Check Point Software Technologies were worth $9,821,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CHKP. Gitterman Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.2% in the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after acquiring an additional 48 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Check Point Software Technologies by 1.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 3,095 shares of the technology company’s stock worth $578,000 after acquiring an additional 52 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Check Point Software Technologies by 19.6% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 336 shares of the technology company’s stock worth $77,000 after acquiring an additional 55 shares during the period. Argonautica Private Wealth Management Inc. lifted its stake in shares of Check Point Software Technologies by 0.9% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 6,002 shares of the technology company’s stock worth $1,121,000 after acquiring an additional 56 shares during the period. Finally, Kingsview Wealth Management LLC lifted its stake in shares of Check Point Software Technologies by 3.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,891 shares of the technology company’s stock worth $353,000 after acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CHKP shares. Baird R W upgraded shares of Check Point Software Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 27th. Robert W. Baird upgraded shares of Check Point Software Technologies from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $235.00 to $255.00 in a research note on Thursday, February 27th. Roth Capital started coverage on shares of Check Point Software Technologies in a research note on Wednesday, April 23rd. They issued a “neutral” rating and a $215.00 target price for the company. Arete Research upgraded shares of Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Finally, Bank of America upgraded shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and raised their target price for the stock from $230.00 to $260.00 in a research note on Thursday, March 27th. Sixteen analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Check Point Software Technologies currently has a consensus rating of “Hold” and a consensus target price of $232.04.

Check Point Software Technologies Stock Performance

CHKP opened at $222.67 on Thursday. The company’s 50 day simple moving average is $219.47 and its 200 day simple moving average is $209.68. Check Point Software Technologies Ltd. has a 1 year low of $153.88 and a 1 year high of $234.36. The stock has a market capitalization of $24.49 billion, a PE ratio of 29.81, a P/E/G ratio of 3.41 and a beta of 0.66.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, April 23rd. The technology company reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.02. The business had revenue of $637.80 million for the quarter, compared to analysts’ expectations of $635.80 million. Check Point Software Technologies had a net margin of 32.97% and a return on equity of 32.40%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company earned $2.04 earnings per share. As a group, sell-side analysts expect that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current fiscal year.

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.