Check Point Software Technologies Ltd. (NASDAQ:CHKP) Stake Lowered by Reilly Financial Advisors LLC

Reilly Financial Advisors LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 84.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,227 shares of the technology company’s stock after selling 6,799 shares during the period. Reilly Financial Advisors LLC’s holdings in Check Point Software Technologies were worth $134,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Motco acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at $26,000. Private Capital Group LLC lifted its stake in shares of Check Point Software Technologies by 81.1% in the 2nd quarter. Private Capital Group LLC now owns 288 shares of the technology company’s stock valued at $28,000 after purchasing an additional 129 shares during the last quarter. Pinnacle Bank lifted its stake in shares of Check Point Software Technologies by 69.7% in the 2nd quarter. Pinnacle Bank now owns 258 shares of the technology company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. NuWave Investment Management LLC lifted its stake in shares of Check Point Software Technologies by 64.5% in the 2nd quarter. NuWave Investment Management LLC now owns 306 shares of the technology company’s stock valued at $36,000 after purchasing an additional 120 shares during the last quarter. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of Check Point Software Technologies in the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 70.97% of the company’s stock.

CHKP has been the subject of several analyst reports. Evercore ISI set a $105.00 price objective on shares of Check Point Software Technologies and gave the company a “hold” rating in a research note on Wednesday, July 24th. Jefferies Financial Group lowered shares of Check Point Software Technologies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $140.00 to $115.00 in a research note on Monday, October 7th. OTR Global reaffirmed a “negative” rating on shares of Check Point Software Technologies in a research note on Monday. Northland Securities reaffirmed a “neutral” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Finally, Zacks Investment Research raised shares of Check Point Software Technologies from a “sell” rating to a “hold” rating and set a $114.00 price objective for the company in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $120.82.

Check Point Software Technologies stock opened at $108.20 on Thursday. The firm has a market cap of $16.55 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.33 and a beta of 0.78. Check Point Software Technologies Ltd. has a fifty-two week low of $98.57 and a fifty-two week high of $132.76. The firm has a fifty day moving average price of $109.00 and a two-hundred day moving average price of $114.52.

Check Point Software Technologies (NASDAQ:CHKP) last released its earnings results on Wednesday, July 24th. The technology company reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.14. The firm had revenue of $488.10 million during the quarter, compared to analyst estimates of $487.53 million. Check Point Software Technologies had a net margin of 40.99% and a return on equity of 22.05%. The business’s revenue was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 EPS. Analysts forecast that Check Point Software Technologies Ltd. will post 5.49 earnings per share for the current year.

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 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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