Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Ativo Capital Management LLC

Ativo Capital Management LLC cut its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 57,930 shares of the technology company’s stock after selling 4,726 shares during the quarter. Check Point Software Technologies accounts for 9.8% of Ativo Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Ativo Capital Management LLC owned approximately 0.05% of Check Point Software Technologies worth $11,170,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHKP. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies in the 2nd quarter valued at $30,000. Kathleen S. Wright Associates Inc. bought a new position in Check Point Software Technologies during the third quarter worth about $33,000. Concord Wealth Partners bought a new position in Check Point Software Technologies during the third quarter worth about $37,000. Arrow Financial Corp boosted its holdings in Check Point Software Technologies by 62.5% during the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of Check Point Software Technologies in the 3rd quarter worth approximately $60,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Trading Down 0.1 %

Check Point Software Technologies stock opened at $181.75 on Monday. The company has a market cap of $19.99 billion, a PE ratio of 24.83, a PEG ratio of 3.10 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $143.28 and a 1 year high of $210.70. The company’s 50-day moving average is $190.21 and its two-hundred day moving average is $177.31.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.25. The firm had revenue of $635.10 million for the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $1.80 earnings per share. Research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHKP. BMO Capital Markets boosted their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Barclays reduced their target price on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 29th. Robert W. Baird cut their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Finally, Bank of America lowered shares of Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $205.00 to $195.00 in a report on Wednesday, October 30th. Fifteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $197.74.

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 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.