The Check Point Software Technologies Ltd. (CHKP) Position Lowered by Bank of New York Mellon Corp

The Check Point Software Technologies Ltd. (CHKP) Position Lowered by Bank of New York Mellon Corp

Other hedge funds have also recently made changes to their positions in the company. Parallel Advisors LLC purchased a new stake in shares of Check Point Software Technologies during the fourth quarter valued at about $123,000. Edmond DE Rothschild Monaco purchased a new stake in shares of Check Point Software Technologies during the third quarter valued at about $145,000. Quadrant Capital Group LLC increased its stake in shares of Check Point Software Technologies by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 1,531 shares of the technology company’s stock valued at $153,000 after buying an additional 371 shares during the period. Crestwood Advisors Group LLC purchased a new stake in shares of Check Point Software Technologies during the first quarter valued at about $154,000. Finally, IFP Advisors Inc increased its stake in shares of Check Point Software Technologies by 2.4% in the first quarter. IFP Advisors Inc now owns 1,513 shares of the technology company’s stock valued at $155,000 after buying an additional 36 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Bank of New York Mellon Corp decreased its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.2% during the first quarter, Holdings Channel reports. The firm owned 358,013 shares of the technology company’s stock after selling 11,802 shares during the period. Bank of New York Mellon Corp’s holdings in Check Point Software Technologies were worth $36,754,000 as of its most recent filing with the SEC.

Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) opened at 112.86 on Monday. Check Point Software Technologies Ltd. has a 12-month low of $74.34 and a 12-month high of $113.32. The firm’s 50-day moving average is $107.04 and its 200-day moving average is $97.34. The company has a market capitalization of $18.63 billion, a PE ratio of 26.17 and a beta of 0.87.

Check Point Software Technologies (NASDAQ:CHKP) last released its quarterly earnings data on Thursday, April 27th. The technology company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.03. The company had revenue of $435.50 million for the quarter, compared to analyst estimates of $432.41 million. Check Point Software Technologies had a net margin of 41.63% and a return on equity of 21.19%. Check Point Software Technologies’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.06 EPS. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post $5.17 EPS for the current fiscal year.

Several analysts have issued reports on CHKP shares. BTIG Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating and set a $118.00 target price on the stock in a research note on Monday, February 6th. Vetr raised shares of Check Point Software Technologies from a “hold” rating to a “buy” rating and set a $104.97 target price on the stock in a research note on Thursday, February 16th. Cleveland Research raised shares of Check Point Software Technologies from a “neutral” rating to a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC reissued a “buy” rating and set a $118.00 target price on shares of Check Point Software Technologies in a research note on Thursday, April 27th. Finally, Morgan Stanley raised shares of Check Point Software Technologies from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $87.00 to $107.00 in a research note on Tuesday, April 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $105.12.

About Check Point Software Technologies Check Point Software Technologies Ltd. (Check point) develops, markets and supports a range of products and services for information technology (IT) security. The Company’s products and services are sold to enterprises, service providers, small and medium sized businesses and consumers. It offers enterprises a platform to deploy independent, modular and interoperable security applications (Software Blades), such as firewall, virtual private network (VPN), intrusion prevention system (IPS), Application Control, Anti-Bot, antivirus, data loss prevention (DLP), policy management, event analysis or multi-domain management.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CHKP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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