Private Harbour Investment Management & Counsel LLC Has $4.12 Million Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Private Harbour Investment Management & Counsel LLC lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 4.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,080 shares of the technology company’s stock after selling 924 shares during the quarter. Check Point Software Technologies accounts for 4.6% of Private Harbour Investment Management & Counsel LLC’s holdings, making the stock its 6th biggest position. Private Harbour Investment Management & Counsel LLC’s holdings in Check Point Software Technologies were worth $4,121,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Gitterman Wealth Management LLC grew its holdings in shares of Check Point Software Technologies by 3.2% during the 4th quarter. Gitterman Wealth Management LLC now owns 1,533 shares of the technology company’s stock worth $286,000 after purchasing an additional 48 shares in the last quarter. TD Waterhouse Canada Inc. lifted its stake in shares of Check Point Software Technologies by 1.7% in the fourth 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 first 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 fourth 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, Pinnacle West Asset Management Inc. lifted its stake in shares of Check Point Software Technologies by 5.8% in the fourth quarter. Pinnacle West Asset Management Inc. now owns 1,100 shares of the technology company’s stock worth $205,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 98.51% of the company’s stock.

Check Point Software Technologies Trading Down 0.1%

NASDAQ:CHKP opened at $218.21 on Monday. The company has a market capitalization of $24.00 billion, a P/E ratio of 28.79, a P/E/G ratio of 3.12 and a beta of 0.66. Check Point Software Technologies Ltd. has a 12 month low of $153.88 and a 12 month high of $234.36. The business’s 50-day moving average is $220.20 and its 200 day moving average is $211.78.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Wednesday, April 23rd. The technology company reported $2.21 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.02. The company had revenue of $637.80 million for the quarter, compared to the consensus estimate of $635.80 million. Check Point Software Technologies had a return on equity of 32.88% and a net margin of 32.75%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.04 earnings per share. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 8.61 earnings per share for the current year.

Analyst Ratings Changes

CHKP has been the subject of a number of recent analyst reports. Arete Research upgraded Check Point Software Technologies to a “hold” rating in a research note on Monday, February 24th. Stephens reduced their price objective on Check Point Software Technologies from $255.00 to $229.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Scotiabank lowered their target price on Check Point Software Technologies from $250.00 to $240.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 24th. Mizuho lifted their target price on Check Point Software Technologies from $230.00 to $240.00 and gave the stock a “neutral” rating in a report on Monday, June 16th. Finally, JPMorgan Chase & Co. upgraded shares of Check Point Software Technologies from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $221.00 to $255.00 in a research report on Wednesday, February 26th. Sixteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $232.44.

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.