TD Private Client Wealth LLC Sells 287 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TD Private Client Wealth LLC reduced its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 1,918 shares of the technology company’s stock after selling 287 shares during the period. TD Private Client Wealth LLC’s holdings in Check Point Software Technologies were worth $370,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA raised its position in Check Point Software Technologies by 2.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,527,700 shares of the technology company’s stock valued at $912,070,000 after buying an additional 114,938 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Check Point Software Technologies by 10.5% in the second quarter. Acadian Asset Management LLC now owns 4,108,685 shares of the technology company’s stock valued at $677,869,000 after purchasing an additional 391,983 shares during the last quarter. Ninety One UK Ltd lifted its position in shares of Check Point Software Technologies by 1.1% during the second quarter. Ninety One UK Ltd now owns 3,608,785 shares of the technology company’s stock valued at $595,450,000 after purchasing an additional 39,092 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Check Point Software Technologies by 10.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock worth $354,153,000 after purchasing an additional 177,104 shares during the last quarter. Finally, FMR LLC grew its position in Check Point Software Technologies by 28.7% in the 3rd quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock worth $218,488,000 after purchasing an additional 252,581 shares in the last quarter. 98.51% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHKP has been the topic of several recent analyst reports. Mizuho lifted their target price on shares of 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. Jefferies Financial Group boosted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Evercore ISI lifted their target price on Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Barclays cut their price target on shares of Check Point Software Technologies from $210.00 to $200.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 29th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Fifteen equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies has a consensus rating of “Hold” and an average price target of $197.74.

Check Point Software Technologies Trading Down 0.9 %

Shares of NASDAQ CHKP opened at $187.77 on Friday. Check Point Software Technologies Ltd. has a 1-year low of $144.66 and a 1-year high of $210.70. The stock’s 50-day moving average is $188.11 and its 200 day moving average is $180.69. The stock has a market cap of $20.65 billion, a price-to-earnings ratio of 25.65, a P/E/G ratio of 3.21 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 EPS 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 company had revenue of $635.10 million during the quarter, compared to analyst estimates of $634.96 million. During the same quarter last year, the firm posted $1.80 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal 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.