TD Private Client Wealth LLC Cuts Holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP)

TD Private Client Wealth LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 13.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,918 shares of the technology company’s stock after selling 287 shares during the period. TD Private Client Wealth LLC’s holdings in Check Point Software Technologies were worth $370,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC raised its position in shares of Check Point Software Technologies by 3.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,797 shares of the technology company’s stock valued at $346,000 after buying an additional 57 shares in the last quarter. Brighton Jones LLC grew its stake in shares of Check Point Software Technologies by 5.2% during the third quarter. Brighton Jones LLC now owns 1,337 shares of the technology company’s stock valued at $258,000 after buying an additional 66 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Check Point Software Technologies by 1.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 5,402 shares of the technology company’s stock worth $1,042,000 after acquiring an additional 66 shares during the last quarter. HF Advisory Group LLC boosted its holdings in Check Point Software Technologies by 1.2% during the 3rd quarter. HF Advisory Group LLC now owns 6,061 shares of the technology company’s stock valued at $1,169,000 after acquiring an additional 73 shares during the period. Finally, Heritage Family Offices LLP boosted its holdings in Check Point Software Technologies by 1.6% during the 3rd quarter. Heritage Family Offices LLP now owns 4,884 shares of the technology company’s stock valued at $942,000 after acquiring an additional 77 shares during the period. 98.51% of the stock is owned by institutional investors.

Check Point Software Technologies Stock Down 0.9 %

Shares of CHKP opened at $187.77 on Friday. The company has a 50 day moving average of $188.11 and a two-hundred day moving average of $180.69. The company has a market cap of $20.65 billion, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 3.21 and a beta of 0.63. Check Point Software Technologies Ltd. has a twelve month low of $144.66 and a twelve month high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last announced its earnings results on Tuesday, October 29th. The technology company reported $2.25 earnings per share for the quarter, hitting the consensus estimate of $2.25. Check Point Software Technologies had a return on equity of 31.84% and a net margin of 33.17%. The firm had revenue of $635.10 million for the quarter, compared to the consensus estimate of $634.96 million. During the same period in the previous year, the business earned $1.80 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, sell-side analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Analyst Ratings Changes

CHKP has been the topic of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Jefferies Financial Group raised their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Robert W. Baird lowered their price target on Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Royal Bank of Canada restated a “sector perform” rating and set a $187.00 price objective on shares of Check Point Software Technologies in a report on Wednesday, October 30th. Finally, Wedbush upped their target price on Check Point Software Technologies from $200.00 to $230.00 and gave the stock an “outperform” rating in a report on Wednesday, October 9th. Fifteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $197.74.

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.