Check Point Software Technologies Ltd. (NASDAQ:CHKP) Shares Sold by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. lowered its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,193 shares of the technology company’s stock after selling 3,035 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Check Point Software Technologies were worth $15,906,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Check Point Software Technologies by 10.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,836,799 shares of the technology company’s stock valued at $354,153,000 after acquiring an additional 177,104 shares in the last quarter. FMR LLC boosted its stake in shares of Check Point Software Technologies by 28.7% in the third quarter. FMR LLC now owns 1,133,175 shares of the technology company’s stock valued at $218,488,000 after purchasing an additional 252,581 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Check Point Software Technologies by 73.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,094,887 shares of the technology company’s stock valued at $211,105,000 after purchasing an additional 464,821 shares in the last quarter. Sei Investments Co. increased its stake in Check Point Software Technologies by 14.9% during the 2nd quarter. Sei Investments Co. now owns 394,496 shares of the technology company’s stock worth $65,092,000 after buying an additional 51,073 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in Check Point Software Technologies by 8.9% in the 3rd quarter. New York State Common Retirement Fund now owns 298,547 shares of the technology company’s stock worth $57,563,000 after buying an additional 24,421 shares in the last quarter. 98.51% of the stock is currently owned by hedge funds and other institutional investors.

Check Point Software Technologies Stock Up 0.6 %

Shares of Check Point Software Technologies stock opened at $187.87 on Friday. Check Point Software Technologies Ltd. has a 12-month low of $145.75 and a 12-month high of $210.70. The firm has a market capitalization of $20.66 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.63. The stock’s fifty day moving average is $183.98 and its 200-day moving average is $185.61.

Check Point Software Technologies (NASDAQ:CHKP) last posted its quarterly earnings data on Tuesday, October 29th. The technology company reported $2.25 earnings per share (EPS) 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 quarter in the previous year, the company earned $1.80 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts expect that Check Point Software Technologies Ltd. will post 7.87 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of Check Point Software Technologies from $200.00 to $238.00 and gave the company a “market perform” rating in a research note on Friday, October 25th. Needham & Company LLC reiterated a “hold” rating on shares of Check Point Software Technologies in a research report on Wednesday, October 30th. Truist Financial upped their price target 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. Robert W. Baird decreased their target price on shares of Check Point Software Technologies from $210.00 to $205.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, Cantor Fitzgerald initiated coverage on Check Point Software Technologies in a research report on Thursday, January 9th. They set a “neutral” rating and a $200.00 price objective for the company. Seventeen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies presently has an average rating of “Hold” and a consensus price target of $202.33.

About Check Point Software Technologies

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.