Easterly Investment Partners LLC Lowers Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Easterly Investment Partners LLC reduced its position in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,862 shares of the technology company’s stock after selling 1,704 shares during the period. Easterly Investment Partners LLC owned approximately 0.06% of Check Point Software Technologies worth $11,197,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Guardian Wealth Management Inc. grew its position in Check Point Software Technologies by 0.5% during the fourth quarter. Guardian Wealth Management Inc. now owns 18,633 shares of the technology company’s stock worth $2,847,000 after buying an additional 85 shares in the last quarter. Mather Group LLC. increased its position in shares of Check Point Software Technologies by 5.1% in the second quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock worth $337,000 after purchasing an additional 99 shares during the last quarter. Butensky & Cohen Financial Security Inc. increased its position in shares of Check Point Software Technologies by 0.4% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 26,472 shares of the technology company’s stock worth $4,342,000 after purchasing an additional 102 shares during the last quarter. Legacy Capital Group California Inc. raised its stake in Check Point Software Technologies by 6.8% in the second quarter. Legacy Capital Group California Inc. now owns 1,613 shares of the technology company’s stock valued at $266,000 after purchasing an additional 102 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Check Point Software Technologies by 6.9% during the second quarter. Blue Trust Inc. now owns 1,597 shares of the technology company’s stock valued at $262,000 after purchasing an additional 103 shares during the last quarter. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Performance

Shares of Check Point Software Technologies stock traded down $0.04 during trading on Friday, hitting $190.31. The company’s stock had a trading volume of 404,627 shares, compared to its average volume of 701,185. Check Point Software Technologies Ltd. has a 52 week low of $126.57 and a 52 week high of $192.00. The company has a fifty day simple moving average of $173.81 and a two-hundred day simple moving average of $163.67. The company has a market capitalization of $21.49 billion, a PE ratio of 26.43, a P/E/G ratio of 2.84 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings results on Wednesday, July 24th. The technology company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a return on equity of 31.59% and a net margin of 33.61%. During the same period in the previous year, the firm posted $1.74 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. As a group, analysts predict that Check Point Software Technologies Ltd. will post 7.83 EPS for the current year.

Wall Street Analyst Weigh In

CHKP has been the topic of a number of research analyst reports. Wedbush increased their price target on shares of Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Robert W. Baird lifted their price target on Check Point Software Technologies from $168.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price objective on Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a research report on Thursday, July 25th. Scotiabank boosted their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 25th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research note on Thursday, July 25th. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $183.68.

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.