Check Point Software Technologies Ltd. (NASDAQ:CHKP) Holdings Cut by Aviva PLC

Posted by on Feb 26th, 2023

Aviva PLC lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,965 shares of the technology company’s stock after selling 559 shares during the period. Aviva PLC’s holdings in Check Point Software Technologies were worth $1,564,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Buckingham Strategic Wealth LLC lifted its holdings in Check Point Software Technologies by 5.1% in the third quarter. Buckingham Strategic Wealth LLC now owns 1,864 shares of the technology company’s stock worth $209,000 after acquiring an additional 91 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in shares of Check Point Software Technologies by 9.3% during the third quarter. Harbor Investment Advisory LLC now owns 1,092 shares of the technology company’s stock valued at $122,000 after buying an additional 93 shares during the last quarter. Exencial Wealth Advisors LLC raised its holdings in shares of Check Point Software Technologies by 2.1% during the third quarter. Exencial Wealth Advisors LLC now owns 5,126 shares of the technology company’s stock valued at $574,000 after buying an additional 104 shares during the last quarter. Cigna Investments Inc. New raised its holdings in shares of Check Point Software Technologies by 5.8% during the second quarter. Cigna Investments Inc. New now owns 2,045 shares of the technology company’s stock valued at $250,000 after buying an additional 113 shares during the last quarter. Finally, TownSquare Capital LLC raised its holdings in shares of Check Point Software Technologies by 2.4% during the second quarter. TownSquare Capital LLC now owns 4,908 shares of the technology company’s stock valued at $598,000 after buying an additional 115 shares during the last quarter. Institutional investors own 64.76% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Check Point Software Technologies in a report on Tuesday, February 14th. They set a “buy” rating and a $148.00 price target on the stock. Sumitomo Mitsui Financial Group cut Check Point Software Technologies from a “neutral” rating to an “underperform” rating and cut their price target for the company from $125.00 to $120.00 in a report on Thursday, February 16th. Credit Suisse Group reissued an “underperform” rating and set a $115.00 target price on shares of Check Point Software Technologies in a report on Wednesday, February 15th. FBN Securities dropped their target price on Check Point Software Technologies from $155.00 to $150.00 in a report on Monday, February 13th. Finally, Wells Fargo & Company raised Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and set a $130.00 target price on the stock in a report on Tuesday, January 17th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $139.52.

Check Point Software Technologies Stock Performance

NASDAQ CHKP opened at $124.20 on Friday. Check Point Software Technologies Ltd. has a twelve month low of $107.54 and a twelve month high of $149.62. The stock has a market cap of $15.58 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.46 and a beta of 0.68. The firm’s 50 day moving average price is $127.27 and its two-hundred day moving average price is $124.10.

Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last posted its quarterly earnings data on Monday, February 13th. The technology company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.09. The firm had revenue of $638.50 million for the quarter, compared to analysts’ expectations of $636.24 million. Check Point Software Technologies had a net margin of 34.20% and a return on equity of 27.22%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.02 EPS. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 6.95 EPS for the current fiscal year.

Check Point Software Technologies Profile

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Check Point Software Technologies Ltd. is engaged in the development and marketing of software and hardware solutions for information technology security. Its products include Quantum, CloudGuard, Harmony, and Infinity-Vision. The company was founded by Gil Shwed, Marius Nacht, and Shlomo Kramer in July 1993 and is headquartered in Tel Aviv, Israel.

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Institutional Ownership by Quarter for Check Point Software Technologies (NASDAQ:CHKP)

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