Legacy Wealth Asset Management LLC Sells 59 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Legacy Wealth Asset Management LLC reduced its position in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,568 shares of the technology company’s stock after selling 59 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Check Point Software Technologies were worth $1,786,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Hennion & Walsh Asset Management Inc. boosted its position in Check Point Software Technologies by 45.3% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 5,822 shares of the technology company’s stock valued at $1,087,000 after acquiring an additional 1,814 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Check Point Software Technologies by 8.5% in the 4th quarter. Heritage Family Offices LLP now owns 5,297 shares of the technology company’s stock valued at $989,000 after purchasing an additional 413 shares during the period. Meyer Handelman Co. boosted its position in shares of Check Point Software Technologies by 3.5% during the 4th quarter. Meyer Handelman Co. now owns 41,389 shares of the technology company’s stock valued at $7,727,000 after purchasing an additional 1,398 shares in the last quarter. Richard P Slaughter Associates Inc grew its stake in Check Point Software Technologies by 1.0% during the fourth quarter. Richard P Slaughter Associates Inc now owns 16,074 shares of the technology company’s stock worth $3,001,000 after purchasing an additional 167 shares during the period. Finally, Kathmere Capital Management LLC grew its stake in Check Point Software Technologies by 10.7% during the fourth quarter. Kathmere Capital Management LLC now owns 1,869 shares of the technology company’s stock worth $349,000 after purchasing an additional 181 shares during the period. 98.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CHKP. Stifel Nicolaus increased their price target on Check Point Software Technologies from $182.00 to $190.00 and gave the stock a “hold” rating in a report on Wednesday, December 18th. Mizuho increased their target price on shares of Check Point Software Technologies from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, October 17th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $187.00 price target on shares of Check Point Software Technologies in a research note on Wednesday, October 30th. Truist Financial increased their price objective on shares of Check Point Software Technologies from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets boosted 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, October 25th. Sixteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $202.95.

Check Point Software Technologies Price Performance

NASDAQ CHKP opened at $186.77 on Friday. The company has a fifty day moving average price of $183.55 and a 200-day moving average price of $185.44. The firm has a market cap of $20.54 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 2.86 and a beta of 0.63. Check Point Software Technologies Ltd. has a 1 year low of $145.75 and a 1 year high of $210.70.

Check Point Software Technologies (NASDAQ:CHKP) last issued its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.25. Check Point Software Technologies had a net margin of 33.17% and a return on equity of 31.84%. The business had revenue of $635.10 million during the quarter, compared to the consensus estimate of $634.96 million. During the same period in the prior year, the firm posted $1.80 EPS. The firm’s quarterly revenue was up 6.5% compared to the same quarter last year. On average, research analysts anticipate that Check Point Software Technologies Ltd. will post 7.87 EPS 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.