Mount Yale Investment Advisors LLC Sells 378 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Mount Yale Investment Advisors LLC lowered its stake in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,933 shares of the technology company’s stock after selling 378 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Check Point Software Technologies were worth $951,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kathmere Capital Management LLC boosted its position in Check Point Software Technologies by 12.4% during the first quarter. Kathmere Capital Management LLC now owns 1,719 shares of the technology company’s stock valued at $282,000 after purchasing an additional 190 shares in the last quarter. SteelPeak Wealth LLC bought a new stake in shares of Check Point Software Technologies in the 1st quarter valued at about $251,000. Miracle Mile Advisors LLC purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth approximately $396,000. Allspring Global Investments Holdings LLC raised its stake in shares of Check Point Software Technologies by 8.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 97,434 shares of the technology company’s stock worth $15,980,000 after acquiring an additional 7,357 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in Check Point Software Technologies during the first quarter valued at approximately $200,000. Institutional investors own 87.62% of the company’s stock.

Check Point Software Technologies Price Performance

Shares of NASDAQ:CHKP opened at $207.16 on Friday. The business’s 50 day moving average price is $194.88 and its 200-day moving average price is $173.81. Check Point Software Technologies Ltd. has a 1 year low of $126.57 and a 1 year high of $210.70. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 3.17 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 (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.01. Check Point Software Technologies had a net margin of 33.61% and a return on equity of 31.59%. The business had revenue of $627.40 million for the quarter, compared to the consensus estimate of $623.19 million. During the same period last year, the firm posted $1.74 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

CHKP has been the topic of several analyst reports. Evercore ISI raised shares of Check Point Software Technologies to a “hold” rating in a report on Monday, September 16th. BMO Capital Markets upped their target price 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. JPMorgan Chase & Co. raised their price target on Check Point Software Technologies from $175.00 to $180.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Royal Bank of Canada upped their price objective on shares of Check Point Software Technologies from $165.00 to $187.00 and gave the company a “sector perform” rating in a report on Thursday, July 25th. Finally, Scotiabank lifted their target price on shares of 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. Fifteen investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $194.67.

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.