Private Trust Co. NA Sells 67 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Private Trust Co. NA reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.7% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,741 shares of the technology company’s stock after selling 67 shares during the quarter. Private Trust Co. NA’s holdings in Check Point Software Technologies were worth $336,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHKP. Kathleen S. Wright Associates Inc. purchased a new position in shares of Check Point Software Technologies in the third quarter valued at about $33,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Check Point Software Technologies during the 2nd quarter valued at about $30,000. Concord Wealth Partners bought a new position in Check Point Software Technologies during the 3rd quarter valued at approximately $37,000. Arrow Financial Corp raised its position in Check Point Software Technologies by 62.5% during the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in 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 Up 0.0 %

Check Point Software Technologies stock opened at $181.55 on Thursday. The firm has a market cap of $19.97 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.12 and a beta of 0.63. Check Point Software Technologies Ltd. has a 12 month low of $143.28 and a 12 month high of $210.70. The stock has a fifty day simple moving average of $189.67 and a two-hundred day simple moving average of $177.76.

Check Point Software Technologies (NASDAQ:CHKP) last issued its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. Check Point Software Technologies’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.80 EPS. On average, equities research analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHKP has been the subject of a number of recent analyst reports. Truist Financial upped their target price on Check Point Software Technologies from $200.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Wedbush lifted their target price on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research note on Wednesday, October 9th. Robert W. Baird lowered their price objective 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. Jefferies Financial Group upped their target price on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, BMO Capital Markets raised their target price 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. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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.