Compass Capital Management Inc. Reduces Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Compass Capital Management Inc. lessened its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 379,093 shares of the technology company’s stock after selling 7,670 shares during the period. Check Point Software Technologies comprises approximately 4.1% of Compass Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Compass Capital Management Inc.’s holdings in Check Point Software Technologies were worth $57,922,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Concord Wealth Partners acquired a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $25,000. Bruce G. Allen Investments LLC acquired a new position in shares of Check Point Software Technologies in the fourth quarter valued at approximately $30,000. CNB Bank acquired a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $27,000. Salem Investment Counselors Inc. grew its position in shares of Check Point Software Technologies by 483.7% in the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock valued at $44,000 after purchasing an additional 237 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of Check Point Software Technologies in the third quarter valued at approximately $49,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CHKP. Wells Fargo & Company increased their price target on Check Point Software Technologies from $132.00 to $162.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. UBS Group increased their price target on Check Point Software Technologies from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Stifel Nicolaus reduced their price target on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating on the stock in a research report on Friday. Mizuho restated a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, March 27th. Finally, William Blair upgraded Check Point Software Technologies from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $164.00.

Check Point Software Technologies Stock Down 0.7 %

Check Point Software Technologies stock traded down $1.04 during trading hours on Tuesday, reaching $149.42. 790,932 shares of the company’s stock were exchanged, compared to its average volume of 733,496. The firm’s 50 day simple moving average is $161.16 and its 200 day simple moving average is $153.25. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The firm has a market capitalization of $18.04 billion, a PE ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Thursday, April 25th. The technology company reported $1.72 EPS for the quarter, meeting the consensus estimate of $1.72. The company had revenue of $598.80 million during the quarter, compared to the consensus estimate of $595.28 million. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. Analysts anticipate that Check Point Software Technologies Ltd. will post 7.85 EPS for the current year.

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 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.