Thompson Siegel & Walmsley LLC Has $104.77 Million Stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Thompson Siegel & Walmsley LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 16.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 543,370 shares of the technology company’s stock after selling 104,283 shares during the period. Check Point Software Technologies makes up approximately 1.6% of Thompson Siegel & Walmsley LLC’s portfolio, making the stock its 9th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in Check Point Software Technologies were worth $104,767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies during the 2nd quarter worth approximately $30,000. Kathleen S. Wright Associates Inc. bought a new stake in Check Point Software Technologies in the third quarter worth about $33,000. Concord Wealth Partners purchased a new position in Check Point Software Technologies in the third quarter valued at about $37,000. Arrow Financial Corp grew its position in shares of 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 acquiring an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC purchased a new stake in Check Point Software Technologies in the third quarter worth $60,000. 87.62% of the stock is owned by institutional investors.

Check Point Software Technologies Price Performance

CHKP opened at $176.83 on Thursday. Check Point Software Technologies Ltd. has a 1 year low of $142.60 and a 1 year high of $210.70. The stock’s 50 day simple moving average is $190.65 and its 200 day simple moving average is $176.76. The firm has a market cap of $19.45 billion, a price-to-earnings ratio of 24.16, a PEG ratio of 2.97 and a beta of 0.63.

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Evercore ISI upped their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Robert W. Baird cut their price target on 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 increased their price target on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Scotiabank upped their target price on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Finally, BMO Capital Markets upped their price target on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the stock a “market perform” rating in a report on Friday, October 25th. 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $197.74.

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.