Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Fulton Bank N. A.

Fulton Bank N. A. lowered its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 9.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,153 shares of the technology company’s stock after selling 224 shares during the period. Fulton Bank N. A.’s holdings in Check Point Software Technologies were worth $231,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new stake in shares of Check Point Software Technologies during the fourth quarter worth about $6,380,000. Golden State Wealth Management LLC acquired a new stake in shares of Check Point Software Technologies during the first quarter worth about $25,000. Orion Portfolio Solutions LLC acquired a new position in Check Point Software Technologies in the 4th quarter valued at about $30,000. Eudaimonia Partners LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $29,000. Finally, Ballast Advisors LLC acquired a new position in Check Point Software Technologies in the 1st quarter valued at about $36,000. Institutional investors and hedge funds own 68.44% of the company’s stock.

Shares of CHKP opened at $115.88 on Thursday. The stock has a fifty day moving average of $108.08 and a two-hundred day moving average of $107.27. The company has a market capitalization of $16.86 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.79 and a beta of 0.62. Check Point Software Technologies Ltd. has a fifty-two week low of $80.06 and a fifty-two week high of $120.99.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Monday, April 27th. The technology company reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.38 by $0.04. The company had revenue of $486.50 million during the quarter, compared to the consensus estimate of $480.78 million. Check Point Software Technologies had a return on equity of 23.45% and a net margin of 41.03%. Check Point Software Technologies’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.32 EPS. As a group, research analysts anticipate that Check Point Software Technologies Ltd. will post 5.66 earnings per share for the current year.

A number of equities research analysts have weighed in on CHKP shares. Mizuho reaffirmed a “hold” rating and issued a $107.00 price objective on shares of Check Point Software Technologies in a report on Tuesday, April 28th. Zacks Investment Research lowered Check Point Software Technologies from a “hold” rating to a “sell” rating and set a $111.00 price objective on the stock. in a report on Monday, June 29th. SunTrust Banks raised Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Tuesday, March 17th. Morgan Stanley lifted their price objective on Check Point Software Technologies from $88.00 to $90.00 and gave the company an “underweight” rating in a report on Tuesday, April 28th. Finally, Goldman Sachs Group decreased their price target on Check Point Software Technologies from $100.00 to $96.00 and set a “sell” rating on the stock in a research note on Friday, March 20th. Five equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the stock. Check Point Software Technologies presently has an average rating of “Hold” and a consensus target price of $109.63.

Check Point Software Technologies Company 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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