Seizert Capital Partners LLC Sells 880 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Seizert Capital Partners LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 123,737 shares of the technology company’s stock after selling 880 shares during the period. Seizert Capital Partners LLC’s holdings in Check Point Software Technologies were worth $23,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. acquired a new position in Check Point Software Technologies during the 3rd quarter worth approximately $33,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Check Point Software Technologies during the second quarter worth approximately $30,000. Concord Wealth Partners bought a new position in shares of Check Point Software Technologies in the 3rd quarter worth $37,000. Arrow Financial Corp increased its stake in Check Point Software Technologies by 62.5% during the 3rd quarter. Arrow Financial Corp now owns 260 shares of the technology company’s stock valued at $50,000 after purchasing an additional 100 shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in Check Point Software Technologies during the third quarter worth $60,000. Institutional investors own 87.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CHKP shares. Wedbush lifted their price objective on shares of Check Point Software Technologies from $200.00 to $230.00 and gave the company an “outperform” rating in a report on Wednesday, October 9th. Jefferies Financial Group lifted their price target on Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Scotiabank increased their price objective on 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. Bank of America cut Check Point Software Technologies from a “buy” rating to a “neutral” rating and cut their target price for the company from $205.00 to $195.00 in a research report on Wednesday, October 30th. Finally, BMO Capital Markets increased their price target on Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, October 25th. Fifteen analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Check Point Software Technologies has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Trading Down 1.9 %

Shares of Check Point Software Technologies stock opened at $174.25 on Friday. The company’s 50-day moving average price is $191.52 and its 200-day moving average price is $176.23. Check Point Software Technologies Ltd. has a 12-month low of $139.55 and a 12-month high of $210.70. The company has a market cap of $19.16 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 3.02 and a beta of 0.63.

Check Point Software Technologies (NASDAQ:CHKP) last posted its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.25. The business had revenue of $635.10 million for 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 revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.80 EPS. On average, sell-side analysts predict that Check Point Software Technologies Ltd. will post 7.87 earnings per share for the current year.

Check Point Software Technologies 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.