IFG Advisory LLC lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 18.0% in the first quarter, Holdings Channel reports. The institutional investor owned 4,335 shares of the technology company’s stock after selling 954 shares during the quarter. IFG Advisory LLC’s holdings in Check Point Software Technologies were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in CHKP. Legal & General Group Plc increased its holdings in Check Point Software Technologies by 12.1% during the 3rd quarter. Legal & General Group Plc now owns 872,461 shares of the technology company’s stock worth $102,663,000 after purchasing an additional 94,209 shares during the period. Nisa Investment Advisors LLC increased its holdings in Check Point Software Technologies by 8.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,544 shares of the technology company’s stock worth $364,000 after purchasing an additional 284 shares during the period. Wealthquest Corp purchased a new position in Check Point Software Technologies during the 4th quarter worth $208,000. Elite Wealth Management Inc. increased its holdings in Check Point Software Technologies by 2.0% during the 4th quarter. Elite Wealth Management Inc. now owns 9,349 shares of the technology company’s stock worth $960,000 after purchasing an additional 186 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its holdings in Check Point Software Technologies by 25,000.0% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 5,522 shares of the technology company’s stock worth $567,000 after purchasing an additional 5,500 shares during the period. 70.09% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on CHKP. BidaskClub downgraded Check Point Software Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. ValuEngine downgraded Check Point Software Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Cowen began coverage on Check Point Software Technologies in a report on Thursday. They set a “market perform” rating and a $120.00 price objective on the stock. BMO Capital Markets restated an “outperform” rating and set a $125.00 price objective (up from $120.00) on shares of Check Point Software Technologies in a report on Monday, April 22nd. Finally, Barclays raised their price objective on Check Point Software Technologies from $120.00 to $135.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Seventeen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $122.00.

Shares of NASDAQ:CHKP opened at $113.40 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $95.37 and a 12-month high of $132.76. The firm has a market capitalization of $17.26 billion, a PE ratio of 21.77, a P/E/G ratio of 2.42 and a beta of 0.75.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Thursday, April 18th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.01. Check Point Software Technologies had a return on equity of 22.41% and a net margin of 42.05%. The business had revenue of $471.83 million for the quarter, compared to the consensus estimate of $471.16 million. During the same period last year, the business posted $1.30 EPS. The business’s revenue was up 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Check Point Software Technologies Ltd. will post 5.52 earnings per share for the current fiscal year.

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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 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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