Mount Yale Investment Advisors LLC Lowers Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mount Yale Investment Advisors LLC lessened its stake in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,014 shares of the technology company’s stock after selling 273 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $1,478,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its holdings in Check Point Software Technologies by 52.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 55,681 shares of the technology company’s stock worth $8,508,000 after buying an additional 19,111 shares during the last quarter. Prime Capital Investment Advisors LLC acquired a new stake in shares of Check Point Software Technologies during the 4th quarter valued at approximately $1,505,000. Unique Wealth Strategies LLC bought a new position in Check Point Software Technologies during the fourth quarter worth $1,005,000. Tritonpoint Wealth LLC acquired a new position in Check Point Software Technologies in the fourth quarter worth $2,586,000. Finally, Heritage Wealth Management LLC bought a new stake in Check Point Software Technologies during the fourth quarter valued at $904,000. 87.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on CHKP shares. Scotiabank lifted their price target on shares of Check Point Software Technologies from $180.00 to $200.00 and gave the company a “sector outperform” rating in a report on Thursday. Wedbush increased their price target on Check Point Software Technologies from $185.00 to $200.00 and gave the stock an “outperform” rating in a research report on Thursday. Susquehanna raised their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the stock a “positive” rating in a report on Thursday. KeyCorp upgraded Check Point Software Technologies to a “hold” rating in a research note on Tuesday, May 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $200.00 target price (up from $175.00) on shares of Check Point Software Technologies in a research note on Thursday. Fifteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.68.

Check Point Software Technologies Stock Up 0.3 %

Shares of Check Point Software Technologies stock traded up $0.63 during trading on Monday, hitting $183.37. The stock had a trading volume of 919,309 shares, compared to its average volume of 714,922. Check Point Software Technologies Ltd. has a 1 year low of $125.68 and a 1 year high of $186.75. The stock has a 50 day simple moving average of $161.86 and a 200 day simple moving average of $160.31. The company has a market capitalization of $20.70 billion, a PE ratio of 25.38, a P/E/G ratio of 2.87 and a beta of 0.62.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.01. The firm had revenue of $627.40 million for the quarter, compared to analysts’ expectations of $623.19 million. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.74 EPS. As a group, equities analysts expect that Check Point Software Technologies Ltd. will post 7.8 earnings per share for the current fiscal 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.