M&T Bank Corp Sells 536 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

M&T Bank Corp lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 6.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,263 shares of the technology company’s stock after selling 536 shares during the quarter. M&T Bank Corp’s holdings in Check Point Software Technologies were worth $1,400,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. FSA Wealth Management LLC purchased a new position in Check Point Software Technologies during the third quarter worth $27,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Check Point Software Technologies during the 3rd quarter worth about $33,000. Concord Wealth Partners bought a new position in Check Point Software Technologies during the 3rd quarter valued at about $37,000. Arrow Financial Corp raised its position in Check Point Software Technologies by 62.5% in the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock worth $50,000 after purchasing an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Check Point Software Technologies in the third quarter worth about $60,000. Institutional investors own 98.51% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird cut their target price on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Royal Bank of Canada reissued a “sector perform” rating and set a $187.00 target price on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Finally, Wedbush raised their price target on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Fifteen investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $197.74.

Check Point Software Technologies Stock Down 0.9 %

Check Point Software Technologies stock opened at $187.77 on Monday. The firm has a market cap of $20.65 billion, a P/E ratio of 25.65, a P/E/G ratio of 3.21 and a beta of 0.63. The business has a fifty day moving average of $188.11 and a two-hundred day moving average of $180.91. Check Point Software Technologies Ltd. has a twelve month low of $144.66 and a twelve month high of $210.70.

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

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 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.