Harbour Investment Management LLC Sells 140 Shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP)

Harbour Investment Management LLC decreased its holdings in Check Point Software Technologies Ltd. (NASDAQ:CHKP) by 0.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,333 shares of the technology company’s stock after selling 140 shares during the period. Check Point Software Technologies comprises about 1.3% of Harbour Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding. Harbour Investment Management LLC’s holdings in Check Point Software Technologies were worth $2,956,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Tidal Investments LLC bought a new position in Check Point Software Technologies during the first quarter valued at approximately $6,558,000. Quantbot Technologies LP purchased a new position in shares of Check Point Software Technologies in the 1st quarter worth $1,095,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Check Point Software Technologies by 8.2% in the first 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 during the period. M&G Plc increased its position in Check Point Software Technologies by 10.0% during the second quarter. M&G Plc now owns 108,449 shares of the technology company’s stock valued at $17,894,000 after acquiring an additional 9,830 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in Check Point Software Technologies in the first quarter valued at about $2,928,000. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Wall Street Analyst Weigh In

CHKP has been the subject of a number of recent research reports. Susquehanna boosted their price target on Check Point Software Technologies from $200.00 to $215.00 and gave the company a “positive” rating in a research note on Thursday, July 25th. Jefferies Financial Group upped their target price on shares of Check Point Software Technologies from $210.00 to $225.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Evercore ISI lifted their price target on shares of Check Point Software Technologies from $180.00 to $185.00 and gave the stock an “in-line” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on Check Point Software Technologies from $180.00 to $210.00 and gave the stock a “neutral” rating in a research note on Monday, October 28th. Finally, Scotiabank raised their target price on Check Point Software Technologies from $180.00 to $200.00 and gave the stock a “sector outperform” rating in a report on Thursday, July 25th. Fifteen research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, Check Point Software Technologies currently has an average rating of “Hold” and a consensus price target of $197.74.

Check Point Software Technologies Price Performance

Shares of Check Point Software Technologies stock traded down $2.71 during trading on Friday, reaching $170.50. 860,178 shares of the stock traded hands, compared to its average volume of 900,299. The company has a market capitalization of $18.75 billion, a price-to-earnings ratio of 23.29, a P/E/G ratio of 2.96 and a beta of 0.63. Check Point Software Technologies Ltd. has a 52-week low of $134.72 and a 52-week high of $210.70. The business has a fifty day simple moving average of $194.47 and a two-hundred day simple moving average of $174.87.

Check Point Software Technologies (NASDAQ:CHKP) last released 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 return on equity of 31.84% and a net margin of 33.17%. The business 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 posted $1.80 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. On average, research analysts predict that Check Point Software Technologies Ltd. will post 7.86 earnings per share for the current fiscal year.

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.