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

Fulton Bank N.A. lowered its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,622 shares of the technology company’s stock after selling 61 shares during the quarter. Fulton Bank N.A.’s holdings in Check Point Software Technologies were worth $303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. CWA Asset Management Group LLC raised its position in Check Point Software Technologies by 34.1% in the fourth quarter. CWA Asset Management Group LLC now owns 11,120 shares of the technology company’s stock valued at $2,076,000 after purchasing an additional 2,828 shares during the period. GAMMA Investing LLC raised its position in Check Point Software Technologies by 53.1% in the fourth quarter. GAMMA Investing LLC now owns 173 shares of the technology company’s stock valued at $32,000 after purchasing an additional 60 shares during the period. DGS Capital Management LLC raised its position in Check Point Software Technologies by 0.7% in the third quarter. DGS Capital Management LLC now owns 11,809 shares of the technology company’s stock valued at $2,277,000 after purchasing an additional 87 shares during the period. Franklin Resources Inc. raised its position in Check Point Software Technologies by 7.0% in the third quarter. Franklin Resources Inc. now owns 166,641 shares of the technology company’s stock valued at $34,665,000 after purchasing an additional 10,861 shares during the period. Finally, Peapack Gladstone Financial Corp raised its position in Check Point Software Technologies by 0.8% in the third quarter. Peapack Gladstone Financial Corp now owns 111,316 shares of the technology company’s stock valued at $21,463,000 after purchasing an additional 872 shares during the period. 98.51% of the stock is owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Down 0.6 %

Shares of CHKP stock opened at $182.00 on Friday. The business has a 50 day moving average of $182.87 and a two-hundred day moving average of $184.78. Check Point Software Technologies Ltd. has a 52 week low of $145.75 and a 52 week high of $210.70. The company has a market cap of $20.02 billion, a P/E ratio of 24.86, a PEG ratio of 3.21 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last issued its 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 the consensus estimate 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 quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.80 earnings per share. Analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on CHKP. Wedbush raised their price objective on Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Wednesday, October 9th. Bank of America lowered Check Point Software Technologies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $205.00 to $195.00 in a research report on Wednesday, October 30th. Mizuho lifted their target price on Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, October 17th. Stifel Nicolaus lifted their target price on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a research report on Wednesday, December 18th. Finally, 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. Sixteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $202.95.

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.