Prio Wealth Limited Partnership Sells 315 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Prio Wealth Limited Partnership cut its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,562 shares of the technology company’s stock after selling 315 shares during the period. Prio Wealth Limited Partnership’s holdings in Check Point Software Technologies were worth $3,772,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CHKP. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Check Point Software Technologies in the second quarter worth about $30,000. Concord Wealth Partners purchased a new stake in Check Point Software Technologies in the first quarter worth about $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in Check Point Software Technologies in the third quarter worth about $33,000. Sound Income Strategies LLC lifted its stake in Check Point Software Technologies by 654.4% in the third quarter. Sound Income Strategies LLC now owns 430 shares of the technology company’s stock worth $83,000 after acquiring an additional 373 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in Check Point Software Technologies in the first quarter worth about $107,000. 87.62% of the stock is currently owned by institutional investors.

Check Point Software Technologies Stock Down 0.7 %

Shares of CHKP traded down $1.52 during mid-day trading on Monday, hitting $204.71. 135,759 shares of the company traded hands, compared to its average volume of 672,515. Check Point Software Technologies Ltd. has a 1-year low of $126.57 and a 1-year high of $210.70. The company has a market capitalization of $23.11 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 3.17 and a beta of 0.62. The business has a 50 day moving average of $193.07 and a 200 day moving average of $172.76.

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

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CHKP. Mizuho upped their price objective on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday. Scotiabank upped their price objective on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a research note on Thursday, July 25th. Susquehanna upped their price objective on shares of Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a research note on Thursday, July 25th. Wedbush upped their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 9th. Finally, Evercore ISI raised shares of Check Point Software Technologies to a “hold” rating in a research report on Monday, September 16th. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and an average price target of $190.89.

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.