Private Harbour Investment Management & Counsel LLC reduced its holdings in shares of Check Point Software Technologies Ltd. (NASDAQ:CHKP – Get Rating) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 24,958 shares of the technology company's stock after selling 870 shares during the period. Check Point Software Technologies makes up 3.4% of Private Harbour Investment Management & Counsel LLC's investment portfolio, making the stock its 7th largest holding. Private Harbour Investment Management & Counsel LLC's holdings in Check Point Software Technologies were worth $3,039,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Boston Partners lifted its stake in shares of Check Point Software Technologies by 17,268.0% in the 1st quarter. Boston Partners now owns 1,873,144 shares of the technology company's stock worth $259,013,000 after acquiring an additional 1,862,359 shares during the period. Ardevora Asset Management LLP acquired a new stake in shares of Check Point Software Technologies in the 1st quarter worth $52,572,000. Nordea Investment Management AB lifted its stake in shares of Check Point Software Technologies by 11.7% in the 1st quarter. Nordea Investment Management AB now owns 3,303,458 shares of the technology company's stock worth $459,379,000 after acquiring an additional 345,565 shares during the period. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of Check Point Software Technologies in the 1st quarter worth $34,635,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Check Point Software Technologies by 106.5% in the first quarter. Bank of New York Mellon Corp now owns 621,708 shares of the technology company's stock valued at $85,957,000 after purchasing an additional 320,642 shares during the period. 67.03% of the stock is owned by hedge funds and other institutional investors.
Get Check Point Software Technologies alerts:Analysts Set New Price Targets
Several brokerages recently commented on CHKP. Piper Sandler reduced their price objective on shares of Check Point Software Technologies from $130.00 to $120.00 in a research note on Wednesday, July 13th. Bank of America upgraded shares of Check Point Software Technologies from an "underperform" rating to a "buy" rating and raised their price objective for the company from $130.00 to $140.00 in a research note on Wednesday, July 20th. BMO Capital Markets reduced their price objective on shares of Check Point Software Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Tuesday, August 2nd. Finally, Barclays reduced their price objective on shares of Check Point Software Technologies from $145.00 to $140.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 2nd. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Check Point Software Technologies has a consensus rating of "Hold" and a consensus target price of $139.06.
Check Point Software Technologies Price Performance
CHKP traded up $0.73 during trading on Wednesday, hitting $116.81. The company had a trading volume of 641 shares, compared to its average volume of 664,871. Check Point Software Technologies Ltd. has a 1-year low of $107.85 and a 1-year high of $149.62. The business has a 50-day moving average of $121.79 and a 200-day moving average of $127.26. The company has a market cap of $14.65 billion, a PE ratio of 19.22, a P/E/G ratio of 2.56 and a beta of 0.61.Check Point Software Technologies (NASDAQ:CHKP – Get Rating) last released its earnings results on Monday, August 1st. The technology company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.62 by $0.02. Check Point Software Technologies had a net margin of 35.15% and a return on equity of 25.49%. The firm had revenue of $571.10 million during the quarter, compared to analyst estimates of $560.40 million. During the same quarter in the previous year, the firm earned $1.41 earnings per share. The firm's revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts forecast that Check Point Software Technologies Ltd. will post 6.29 earnings per share for the current year.
About Check Point Software Technologies
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Check Point Software Technologies Ltd. develops, markets, and supports a range of products and services for IT security worldwide. The company offers a portfolio of network security, endpoint security, data security, and management solutions. It provides Check Point Infinity Architecture, a cyber security architecture that protects against 5th and 6th generation cyber-attacks across various networks, endpoint, cloud, workloads, Internet of Things, and mobile.
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