Check Point Software Technologies Ltd. (NASDAQ:CHKP) is Epacria Capital Partners LLC’s 7th Largest Position

Epacria Capital Partners LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,100 shares of the technology company’s stock after selling 113 shares during the quarter. Check Point Software Technologies accounts for approximately 3.6% of Epacria Capital Partners LLC’s holdings, making the stock its 7th biggest holding. Epacria Capital Partners LLC’s holdings in Check Point Software Technologies were worth $5,225,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. purchased a new position in Check Point Software Technologies in the 3rd quarter worth about $33,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in Check Point Software Technologies in the 2nd quarter worth about $30,000. Concord Wealth Partners purchased a new position in shares of Check Point Software Technologies during the third quarter worth approximately $37,000. Arrow Financial Corp boosted its holdings in shares of Check Point Software Technologies by 62.5% in the third quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares during the period. Finally, FSC Wealth Advisors LLC bought a new position in Check Point Software Technologies in the third quarter worth approximately $60,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Stock Up 0.0 %

CHKP opened at $181.55 on Friday. The company has a market cap of $19.97 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 3.12 and a beta of 0.63. The firm’s 50-day moving average price is $189.48 and its 200-day moving average price is $177.79. Check Point Software Technologies Ltd. has a 52-week low of $143.28 and a 52-week high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. The business had revenue of $635.10 million during the quarter, compared to analysts’ expectations of $634.96 million. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company posted $1.80 earnings per share. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Evercore ISI upped their price objective on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Check Point Software Technologies from $180.00 to $210.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Finally, Robert W. Baird lowered their price target on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $197.74.

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.