Fulton Bank N.A. Decreases Stock Position in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Fulton Bank N.A. cut its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 2.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,393 shares of the technology company’s stock after selling 96 shares during the quarter. Fulton Bank N.A.’s holdings in Check Point Software Technologies were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CHKP. Concord Wealth Partners acquired a new stake in Check Point Software Technologies in the third quarter valued at $25,000. CNB Bank acquired a new stake in Check Point Software Technologies in the third quarter valued at $27,000. Resurgent Financial Advisors LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $28,000. Bruce G. Allen Investments LLC acquired a new stake in Check Point Software Technologies in the fourth quarter valued at $30,000. Finally, Salem Investment Counselors Inc. raised its holdings in shares of Check Point Software Technologies by 483.7% during the fourth quarter. Salem Investment Counselors Inc. now owns 286 shares of the technology company’s stock worth $44,000 after purchasing an additional 237 shares during the period. 87.62% of the stock is owned by institutional investors and hedge funds.

Check Point Software Technologies Trading Up 1.0 %

NASDAQ:CHKP opened at $164.39 on Monday. Check Point Software Technologies Ltd. has a twelve month low of $117.18 and a twelve month high of $168.82. The company has a 50-day moving average of $162.34 and a 200-day moving average of $150.52. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.57 EPS for the quarter, beating analysts’ consensus estimates of $2.47 by $0.10. Check Point Software Technologies had a net margin of 34.80% and a return on equity of 30.81%. The company had revenue of $663.50 million during the quarter, compared to analyst estimates of $662.09 million. During the same period in the prior year, the firm earned $2.23 earnings per share. The business’s quarterly revenue was up 3.9% on a year-over-year basis. On average, research analysts forecast that Check Point Software Technologies Ltd. will post 7.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CHKP shares. Scotiabank increased their target price on shares of Check Point Software Technologies from $170.00 to $180.00 and gave the stock a “sector outperform” rating in a report on Wednesday, February 7th. Truist Financial increased their target price on shares of Check Point Software Technologies from $170.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Wedbush increased their target price on shares of Check Point Software Technologies from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Citigroup increased their target price on shares of Check Point Software Technologies from $140.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, January 10th. Finally, Royal Bank of Canada increased their target price on shares of Check Point Software Technologies from $159.00 to $165.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 7th. Thirteen investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $159.70.

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.