Fulton Bank N.A. Sells 1,455 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Fulton Bank N.A. lessened its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 49.8% during the 2nd quarter, Holdings Channel reports. The firm owned 1,465 shares of the technology company’s stock after selling 1,455 shares during the period. Fulton Bank N.A.’s holdings in Check Point Software Technologies were worth $242,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mather Group LLC. raised its stake in Check Point Software Technologies by 5.1% during the 2nd quarter. Mather Group LLC. now owns 2,056 shares of the technology company’s stock valued at $337,000 after purchasing an additional 99 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Check Point Software Technologies during the 2nd quarter valued at approximately $30,000. First Financial Bank Trust Division purchased a new position in Check Point Software Technologies during the 2nd quarter valued at approximately $4,642,000. Cape Investment Advisory Inc. grew its holdings in Check Point Software Technologies by 2.6% during the 1st quarter. Cape Investment Advisory Inc. now owns 6,524 shares of the technology company’s stock valued at $1,070,000 after buying an additional 166 shares in the last quarter. Finally, Clean Yield Group grew its holdings in Check Point Software Technologies by 2.9% during the 1st quarter. Clean Yield Group now owns 21,835 shares of the technology company’s stock valued at $3,581,000 after buying an additional 614 shares in the last quarter. Institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets raised their price target on Check Point Software Technologies from $180.00 to $200.00 and gave the company a “market perform” rating in a report on Thursday, July 25th. Truist Financial restated a “buy” rating and set a $200.00 price target (up previously from $175.00) on shares of Check Point Software Technologies in a report on Thursday, July 25th. Wedbush raised their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Susquehanna raised their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a report on Thursday, July 25th. Finally, Stifel Nicolaus cut their price target on Check Point Software Technologies from $170.00 to $165.00 and set a “hold” rating for the company in a report on Friday, April 26th. Fifteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and an average target price of $183.68.

Check Point Software Technologies Stock Performance

NASDAQ CHKP traded down $0.15 on Tuesday, reaching $173.76. 784,700 shares of the stock traded hands, compared to its average volume of 712,360. The company has a fifty day moving average price of $165.18 and a 200-day moving average price of $161.28. The company has a market cap of $19.62 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.84 and a beta of 0.62. Check Point Software Technologies Ltd. has a 12 month low of $125.68 and a 12 month high of $186.75.

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

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.