Leuthold Group LLC Sells 292 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Leuthold Group LLC trimmed its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,047 shares of the technology company’s stock after selling 292 shares during the quarter. Leuthold Group LLC’s holdings in Check Point Software Technologies were worth $6,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC increased its holdings in Check Point Software Technologies by 60.0% in the 1st quarter. Manchester Capital Management LLC now owns 1,600 shares of the technology company’s stock worth $262,000 after acquiring an additional 600 shares during the last quarter. Geneos Wealth Management Inc. raised its position in shares of Check Point Software Technologies by 9.8% in the first quarter. Geneos Wealth Management Inc. now owns 8,387 shares of the technology company’s stock valued at $1,376,000 after purchasing an additional 751 shares during the period. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Check Point Software Technologies by 26.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 2,101 shares of the technology company’s stock valued at $345,000 after purchasing an additional 440 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Check Point Software Technologies by 1.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 8,580 shares of the technology company’s stock valued at $1,407,000 after buying an additional 142 shares in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Check Point Software Technologies by 3.0% in the 1st quarter. Nordea Investment Management AB now owns 2,674,761 shares of the technology company’s stock worth $440,266,000 after buying an additional 77,849 shares during the period. 87.62% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wedbush reissued an “outperform” rating and set a $185.00 target price on shares of Check Point Software Technologies in a report on Friday, April 26th. KeyCorp raised shares of Check Point Software Technologies to a “hold” rating in a report on Tuesday, May 14th. Mizuho reissued a “neutral” rating and set a $160.00 target price on shares of Check Point Software Technologies in a report on Wednesday, March 27th. Barclays boosted their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Check Point Software Technologies in a report on Friday, April 26th. Thirteen equities 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.com, the company currently has an average rating of “Hold” and a consensus target price of $169.18.

Check Point Software Technologies Stock Up 1.8 %

Shares of Check Point Software Technologies stock traded up $2.99 during trading on Friday, reaching $172.99. The company’s stock had a trading volume of 288,063 shares, compared to its average volume of 698,047. The company has a market cap of $19.53 billion, a price-to-earnings ratio of 23.86, a PEG ratio of 2.69 and a beta of 0.62. The firm’s 50-day moving average is $156.87 and its two-hundred day moving average is $158.56. Check Point Software Technologies Ltd. has a 52-week low of $124.82 and a 52-week high of $173.61.

Check Point Software Technologies (NASDAQ:CHKP) last announced its quarterly earnings data on Thursday, April 25th. The technology company reported $1.72 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.72. Check Point Software Technologies had a return on equity of 31.42% and a net margin of 34.33%. The firm had revenue of $598.80 million for the quarter, compared to analysts’ expectations of $595.28 million. On average, equities research analysts anticipate that Check Point Software Technologies Ltd. will post 7.79 EPS for the current year.

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.